Northampton has been named as one of 57 English high streets which are to receive a share of over £830 million to improve transport links, build new homes and transform underused spaces says commercial property agent, Prop-Search.
The funding is part of the Government’s plan to protect, support and create thousands of jobs in a range of industries, delivering opportunities and prosperity to communities across England as reopening accelerates. Northampton’s reported share is £8,427,625.
Samantha Jones, an Associate Director of Prop-Search, said: “This funding is intended to give a much needed boost to high streets to transform town centres into vibrant places to live, work and shop.”
It coms as part of wider support being provided by the Government to communities and businesses to ensure no-ne is left behind as the country recovers from the pandemic. The Future High Streets Fund will support towns, communities and businesses as we get back to enjoying the best of what the high street has to offer.
The Future High Streets Fund was originally launched in December 2018 and is a key part of the Government’s plan to renew and reshape town centres.
It is just one of the ways it is supporting the retail and hospitality sector.
In March this year, the Welcome Back Fund was launched to help councils boost tourism, improve green spaces and provide more outdoor seating areas, markets and food stall pop-ups. The introduction of the High Street Homes Permitted Development Rights now makes it easier for disused buildings to be repurposed and provide housing. Restaurants, pubs and cafes now have the freedom to offer takeaway services; and making it easier for businesses and communities to host markets and stalls so customers can be served safely. And through the £4.8 billion Levelling Up Fund, the £220 million Community Renewal Fund and the £3.6 billion Towns Fund, the Government is investing in long-term infrastructure projects to level up towns and rural areas, to ensure the vitality of town centres for years to come.