Wealdstone has been shortlisted as one of fifty successful areas to potentially get a slice of a £1 billion Future High Streets Fund, Prime Minister Boris Johnson has confirmed.
The funding could be used to improve transport and access into the town, convert empty shops into new homes and workplaces, and invest in vital infrastructure – it will “reinvent the high street” it has been claimed. Wealdstone has made the shortlist and will now go through to the next stage to be considered. A proposal must be submitted to outline plans for the proposed funds if successful.
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. 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 new scheme will help attract new businesses, boost local growth, and create new infrastructure and jobs it is reported. Communities Secretary Rt Hon Robert Jenrick MP said: “High streets have a crucial role to play as we work to grow the economy of all parts of the country. Our £1 billion Future High Streets Fund is key to delivering this, empowering local leaders to help transform their high streets and town centres as consumer habits change, by investing in housing, workplaces, infrastructure and culture.”
“Interest in the Fund has been huge, and with so many strong applications, I am extending the number of towns moving forward to the next phase and getting a chance to develop their proposals.The government is going to level-up our regional economies and as Communities Secretary I am proud to be driving this agenda forward.”
The scheme was launched in 2018. (Image Credit: Google)