The Government has selected Worcester to be one of the 101 towns across the country to benefit from the £3.6 billion Towns Fund. Each location has been asked to draw up a Town Investment Plan to secure up to £25 million.
The aim of the fund is to deliver long-term economic and productivity growth, and support recovery from Covid through:
- Urban regeneration, planning and land use: ensuring towns are thriving places for people to live and work
- Skills and enterprise infrastructure: driving private sector investment and ensuring towns have the space to support skills and small business development
- Connectivity: developing local transport schemes that complement regional and national networks, as well as supporting the delivery of improved digital connectivity.
The City Council will submit to Government a Town Investment Plan (TIP) at the end of January 2021, which will set out a vision for the city and put forward a number of projects to help deliver that vision.
A Worcester Towns Fund Board is overseeing development of the TIP. The Board includes representatives from local businesses, community groups, arts organisations and the education sector. The Board will make recommendations to the City Council, which will sign off the final submission. The City Council is the accountable body, responsible for receiving the founding and co-ordinating delivery of the TIP.
The Board and the Council are actively engaging with Worcester’s residents and businesses to develop the TIP. The Board is examining ideas that were submitted to the My Town website and will feed them into the TIP.
It is intended that the TIP will be go to the Council’s Policy and Resources Committee for approval in January 2021.