Plymouth has made the shortlist of the Future High Streets Fund, which could unlock more funding to help the city centre’s regeneration.
The Council submitted its initial bid in March which focused on Plymouth City Centre and seeks funding to help deliver an ambitious regeneration agenda.
Yesterday’s announcement confirms that our expression of interest for Plymouth City Centre is one of 50 additional places nationally to be shortlisted for phase 2.
The timing for the phase 2 bidding process is yet to be confirmed, but means that we could be in line for up to £150,000 initially to work up project business cases. Final funding awards could be up to £25m per place.
Councillor Mark Lowry, Cabinet member for Finance and city centre champion said: “We have been working hard to regenerate the city centre and to revitalise it, make it come to life after hours and to provide homes as well as jobs. Getting through to the second round of the Future High Street Fund is a significant step in the right direction.”
The Expression of Interest was prepared earlier in the year by a team at Plymouth City Council, working closely with the Plymouth City Centre Company.
Steve Hughes, the City Centre Company’s Chief Executive said: “We are delighted to be on the shortlist. Our city centre is moving in the right direction but we still need investment in our public spaces and find new uses for empty retail units. This fund could be a big help.”
This news follows the recent designation of the City Centre as a Conservation Area. An expression of interest has also been submitted to the Heritage High Streets Action Zone programme, which is part of the Government’s now £1 billion Future High Streets Fund.
Both expression of interests are complementary, with the High Street HAZ focused on an area around Royal Parade and Civic Square and the Future High Street Fund taking in the wider City Centre area.