Northallerton is to benefit from a share of the £1 billion Future High Streets Fund, Prime Minister Boris Johnson has confirmed.
The town is one of 50 additional locations that have joined 50 successful areas already shortlisted to develop plans to reinvent their high streets.
The funding could be used by these areas to improve transport and access into town centres, convert empty retail units into new homes and workplaces, and invest in vital infrastructure.
The extension to the shortlist comes on the back of the £3.6 billion Towns Fund announced last month, which included an additional £325 million for the Future High Streets Fund.
“This is very exciting news for Northallerton,” said Hambleton District Council leader, Councillor Mark Robson.
“We have lots of great plans for the town – with the Treadmills development on the former prison site bringing in new retail, leisure and business opportunities and the re-vamp of Zetland Street and the town’s ginnels developing the link for businesses across the town centre.
“We will now be working on our bid to access funding from this scheme.”
Announcing the additional 50 towns set to benefit, the Prime Minister 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.
“But with our town centres facing challenges, we’re today expanding the High Streets Fund to support over 100 high streets to regenerate – backed by £1 billion of vital investment.
“This scheme is going to reenergise and transform even more of our high streets – helping them to attract new businesses, boost local growth, and create new infrastructure and jobs.”
Northallerton will progress to the second phase of the Future High Streets Fund and receive up to £150,000 to support the development of detailed project proposals that can be submitted for capital funding.
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