£14m of investment delivered by Loughborough Town Deal – with more on the way

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Millions of pounds have been invested thanks to Loughborough Town Deal and more developments are on the way.

The Town Deal is backing 11 projects with several already being completed or progressing well and 2024 looks set to be another big year.

The Town Deal secured £16.9 million from the Government’s Towns Fund to support the projects and in total, they are worth more than £40 million of investment.

Those already completed include a new Careers and Enterprise Hub in the town centre, the regeneration of the Bedford Square area, the creation of SportPark Pavilion 4 at Loughborough University and the upgrade of two kilometres of canal towpath through the heart of the town.

The Living Loughborough project has also expanded free wi-fi in the town centre, created an augmented reality heritage trail and helped introduce free business support for local businesses. More elements of this scheme are being developed.

In total, the investment for these projects is around £14 million.

Other projects also well underway include work to save the last major Bell Foundry in Britain – John Taylor & Co. The scheme, which is also being supported by the Heritage Lottery Fund, is due for completion later this year.

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