Laura Sharman 27 August 2019

Government increases high street fund to £1bn

The Government has announced 50 more towns will be eligible to bid for a share of funding to revitalise their high street.

The areas will be allowed to bid for up to £150,000 each to help develop plans to improve transport and access into town centres, convert empty retail units into new homes and workplaces, and invest in new infrastructure.

The £325m in additional funding will see the government's Future High Streets Fund increase to £1bn.

Prime minister Boris Johnson said: '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.'

The funding will be used to support the development of detailed project proposals that can be submitted for capital funding.

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