'New Deal’ will see £5billion ploughed into Britain’s economy to help to ‘kickstart the economic recovery from the coronavirus’

'New Deal’ will see £5billion ploughed into Britain’s economy to help to ‘kickstart the economic recovery from the coronavirus’

by Danielle Thompson (June 2020)

A ‘NEW Deal’ will see £5billion ploughed into Britain’s economy to help to ‘kickstart the economic recovery from the coronavirus.’

The Prime Minister Boris Johnson announced that 101 places will receive at least an additional £500,000 to spend on projects such as improvements to parks, high streets or transport links - including Southport – as part of the New Deal for Britain.

It is part of a package of £96 million for town centres and high streets via the Towns Fund, and comes on top of the £3.2 billion provided to local authorities throughout the coronavirus outbreak

Southport MP Damien Moore MP has welcomed news that the Prime Minister has announced additional funding to level up Southport. The announcement is part of a wider economic package to accelerate infrastructure projects, fuelling jobs and the country’s economic recovery following coronavirus.

Towns across England that have successfully been selected to receive investment via the Government’s Towns Fund will benefit from a share of £96m to accelerate investment in their town centres and high streets this year.

As part of this, Southport will receive between £500,000 and £1million to spend on projects such as improvements to parks, high streets and local transport. It is receiving the funding as one of the 101 towns previously selected for Town Deals, under the Conservative Government’s plans to level up places across the country.

The Towns Fund is targeted at areas with proud industrial and economic heritage that have not always benefitted from economic growth in the same way as more prosperous areas. Today’s announcement brings the first tranche of money from the Fund to help each area meet some of the immediate challenges they face as a result of Covid-19 and invest in shovel ready projects that will improve their town centres forward, from new cycle lanes and better pedestrian access to repurposing empty shops to create new community spaces.

Southport MP Damien Moore said: “Last week, we revealed some really exciting ‘Big Ideas’ on how Southport can be transformed as part of the Southport Town Deal process. It started a three-week Wider Consultation process in which local people are being asked how they would most like to see our town develop. It is important that we continue to look forwards, and continue to grow to ensure that Southport is a superb place to live, to work and to visit.

“I am delighted that Southport will now receive at least £500,000 from the Stronger Towns fund this year – ahead of schedule – enabling local leaders to accelerate plans that will transform our area and help Southport to thrive as we move beyond the Coronavirus pandemic.

“I welcome the Prime Minister’s commitment to invest in infrastructure to unite and level up the country as we come through the Coronavirus pandemic.

“The £5billion to bring forward infrastructure projects of all types, from better connected, more modern high streets to new schools and roads, will help to create new jobs and opportunities in Southport across Britain, and I will be fighting to ensure our area gets its fair share.”

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