Putney Town Centre has been named as one of the 50 areas, joining the previously named 50 areas, to develop plans to reinvent their high streets with a share of the £1 billion Future High Streets Fund. The extension to the shortlist comes on the back of the £3.6 billion Towns Fund announced last month, which included an additional £325 million for the Future High Streets Fund, taking the overall Fund to £1 billion as the Government looks to drive forward local growth.
The funding could be used in a variety of ways to improve transport and access into town centres, convert empty retail units into new homes and workplaces, and invest in vital infrastructure. Successful town centres receive up to £150,000 to support the development of detailed project proposals that can be submitted for capital funding. Positively Putney will be working closely with Wandsworth Council and other key stakeholders to develop creative plans to future proof the success of Putney town centre.
Prime Minister Boris Johnson said: “Our high streets are right at the heart of our communities, and I will do everything I can to make sure they remain vibrant places where people want to go, meet and spend their money. But with our town centres facing challenges, we’re today expanding the High Streets Fund to support over 100 high streets to regenerate – backed by £1 billion of vital investment. This scheme is going to reenergise and transform even more of our high streets – helping them to attract new businesses, boost local growth, and create new infrastructure and jobs.”
The scheme was launched in December 2018 and is a key part of the Government’s plan to renew and reshape town centres and high streets in a way that drives economic growth and improves living standards.