Boris Johnson’s government has increased the pot of cash available to struggling regional high streets to £1bn, pledging to pump money into 100 towns across the UK ahead of a possible election.
A further £325m have now been added to the original £675m set out at the last autumn budget by the then Chancellor, Philip Hammond. The extra cash was made available yesterday by the Ministry for Housing, Communities and Local Government.
Some 50 towns were shortlisted to receive cash from the fund earlier in the summer, but the shortlist has now been doubled – with the likes of Dover, Grimsby and Carlisle added.
Prime minister Boris Johnson said: “Our high streets are right at the heart of our communities and I will do everything I can to make sure they remain vibrant places where people want to go, meet and spend their money.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.