Towns Fund prospectus

The Towns Fund will invest £3.6 billion into over 100 towns, as part of the government’s plan to level up our regions.


Towns Fund prospectus

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On 6 September 2019 the government invited 100 places to develop proposals for a Town Deal, as part of the £3.6 billion Towns Fund.

In the prospectus we explain how towns can prepare for a Town Deal, as part of a 2 stage process. We want to see Town Deal Boards established, with investment priorities and project proposals then set out in a locally-owned Town Investment Plan. Proposals should drive long term economic and productivity growth through investment in connectivity, land use, economic assets including cultural assets, skills and enterprise infrastructure.

We are also giving details of the funding we are providing to unitary councils, metropolitan borough councils, and district councils, to assist with the development of proposals.

Further guidance will be published on the second stage in due course.

Published 1 November 2019