What is the Towns Fund?
The Towns Fund is part of the government’s plan for levelling up the UK economy. Towns across England will work with the Government to address growth constraints and to ensure there is a course of recovery from the impact of COVID-19. The overarching aims of the Towns Fund are to drive the sustainable economic regeneration of towns to deliver long term economic and productivity growth. This will be done through investment in:
- Urban regeneration
- Skills and enterprise infrastructure
In November 2019 Government issued a Towns Fund Prospectus [external link] with more detailed objectives of the programme. With further guidance issued in June 2020, available at the Gov.uk website [external link]