Six Lincolnshire towns and cities are in line for a share of £3.6bn of Government funding.
One hundred places are being invited to develop proposals for a new generation of multi-million-pound Town Deals, announced by Local Government Secretary Robert Jenrick MP.
Each town/city could potentially see an investment of up to £25 million.
Lincoln, Boston, Skegness, Mablethorpe, Grimsby and Scunthorpe are among the 100 places being supported to develop Town Deals – click here for the full list.
Huge news for both Boston and Skegness as @RobertJenrick announces a £25m boost for each town. Recognising that levelling up our towns is an essential part of Britain’s future.
— Matt Warman MP (@mattwarman) September 6, 2019
The government will soon publish a prospectus to guide towns through the process and set eligibility criteria for funding. Decisions on funding any proposals will be made in due course.
Councillor Colin Davie, Executive Member for Economy and Place and. Greater Lincolnshire LEP board member, said: “I’m delighted to see the Government looking beyond London and recognising that our rural areas can make an important contribution to our national economy if given the right support.
“We know Lincolnshire has enormous potential, and this funding will give us the opportunity to prove what we can do.”
Councillor Craig Leyland, Leader of East Lindsey District Council, said: “I’m delighted to see Government announce this substantial amount of funding for our District. The Government’s announcement indicates that we could receive up to £25m for each town and this level investment will allow us to explore some exciting projects; providing a real long term boost to the economy of the area and hopefully helping us to address the seasonal nature of both towns.”
The announcement follows Prime Minister Boris Johnson’s confirmation in July of an additional £1.325 billion to support towns. It took the total value of the Towns Fund to £3.6 billion.
The Chancellor also announced this week that £241 million of the Towns Fund is available to support places in 2020-21 in the Spending Round.