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:
The City Council submitted a Town Investment Plan (TIP) to Government at the end of January 2021, setting out a vision for the city and proposals for how a potential £27.9m investment could deliver long-term economic growth and support Worcester's recovery from COVID.
A Worcester Towns Fund Board oversaw the development of the TIP. The Board includes representatives from local businesses, community groups, arts organisations and the education sector. The Board made recommendations to the City Council, which signed 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 have actively engaged with Worcester’s residents and businesses to develop the TIP. The Board examined ideas that were submitted to the My Town website and fed them into the TIP.
The TIP was approved by the Council’s Policy and Resources Committee in January 2021.
Membership of the Town Fund BoardAgendas and minutes of the Town Fund Board