William Eichler 14 August 2024

Regeneration projects threatened by £20m funding delay

Regeneration projects threatened by £20m funding delay image
Image: Ian Francis / Shutterstock.com.

Newark and Sherwood District Council has warned that a delay in making available £20m of promised levelling up funding is preventing regeneration projects from being delivered.

The council was awarded £20m in November 2023 as part of the then-Conservative government’s Levelling Up scheme.

It said plans to build a cinema, shops, eating areas and energy-efficient units were on hold because of delays in making the funding available.

Council leader Paul Peacock said: ‘We continue to press the new Government for the release of the £20m Levelling Up Funding as soon as possible. Delays with funding mean delays with delivery.

‘The council, its regeneration partners, and most importantly our communities need and deserve this and other funding to make these exciting projects happen.’

The Ministry of Housing, Communities and Local Government said it would provide further details ‘in due course’.

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