Town Board launched to drive £20m investment in Chesterfield

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Plans to invest almost £20m in Chesterfield over the next decade have taken a major step forward, with the launch of a new independent board which will oversee how and where the funding is spent.

Local business leader Dominic Staniforth has been appointed to chair the new Chesterfield Town Board – sitting alongside representatives from other local businesses, community and voluntary organisations, and the public sector, including representation from Chesterfield Borough Council.

It follows the Government’s ‘Long-Term Plan for Towns’ announcement in October last year, which named Chesterfield as one of 55 UK towns to benefit from the new funding initiative – which aims to give local communities a greater voice in shaping improvements across the town.

Board members have now held their first formal meeting where it was agreed to run a public consultation exercise in June, giving local people the chance to have their say on how the money should be invested.

In line with Government guidance, a representative of Chesterfield Borough Council sits on the board, and the authority will also act as the board’s accountable body. However, all decisions about how the £19.5m worth of endowment-style funding is invested will be made by the Chesterfield Town Board,

 link source - East Midlands Business Link General

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