Tamworth has been selected to go forward into the next phase of the Future High Streets Fund (FHSF). Tamworth Town Centre has bold ambitions to renew its image as a thriving local hub and market town. It aims to transform its centre into the beating heart of the community by improving the leisure, residential and retail offer with a more accessible and improved physical environment.
The Government will now be inviting the Borough Council to submit a full business case to the FHSF, and plan to announce the list of authorities that are successful in obtaining capital funding for their transformational schemes by spring 2020. The FHSF will provide capital funding to places to invest in infrastructure, housing and work spaces. These projects will transform high streets and town centres, bringing long-term economic benefits.
Over 300 towns applied for the fund, and Tamworth was one of 50 who have made it to the next round. To help Tamworth Borough Council to develop a compelling business case around its ambitious plans to renew and reshape its high street and town centre, the Government we will be awarding a revenue grant of up to £150,000.
Tamworth MP Christopher Pincher, said:
“This is brilliant news for Tamworth and our high street. The ambitious plans from Cllr Danny Cook and the Conservative team at the Borough Council have clearly impressed the Government and the team who reviewed the heavily oversubscribed application process.
“Tamworth Borough Council carried out their consultation by bringing in businesses and residents to help forge the new vision for Tamworth high street. I am really looking forward to seeing the team use the £150,000 they have received to further develop their plans for the next stage of funding.”