East Midlands towns land £145m from government’s Towns Deals scheme

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Towns in the East Midlands will share £145m in Towns Deals cash after the government revealed 26 locations that would be receiving funding to boost their local economies, create jobs and help them build back better from the pandemic.

Receiving money in the region are Corby (£19.9m), Long Eaton (£24.8m), Loughborough (£16.9m), Ashfield – joint Kirkby & Sutton (£62.6m), and Stapleford (£21.1m).

The Loughborough Town Deal Board today (June 8) welcomed the announcement by government that its Towns Fund bid had been successful and said the investment would help unlock Loughborough’s amazing potential.

The deal represents one of the biggest single public sector investments in the town and its communities for many years. With funding from other sources, the Loughborough Town Deal will bring in tens of millions of pounds of investment to the town.

The Loughborough Town Deal Board worked with local businesses and residents on its investment plan which aims to create a “Loughborough for All” and make the town a better-connected place where people will want to live, learn, work, and grow.

Cllr Jonathan Morgan, co-chair of the Town Deal Board and leader of Charnwood Borough Council, said: “This is fantastic news for Loughborough. The Town Deal

 link source - East Midlands Business Link General

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