Investment Kickstart – Seven towns including Blackpool receive a share of £180 million to bounce back after Covid restrictions in Brexit Britain.

Today it’s been announced that seven towns around the country will share the first investment injection of £179million pounds in an effort to level up the North. Towns like Barrow-in-Furness, Blackpool, Darlington, Peterborough, Norwich, Torquay and Warrington are the first of 101 places to be offered a Town Deal and work will now begin with these areas to confirm final funding.

On the Julia Hartley-Brewer show, Business Minister Nadhim Zahawi said “It is seven towns, places like Blackpool, Warrington and Torquay, Peterborough Will all get the first tranche of a hundred eighty million pounds.”

Listed in the governments press release it listed a breakdown and gave some examples on where the moneys going to.

  • £39.5 million to be used to update the Blackpool Illuminations, for a return to tourism after the COVID-19 pandemic, which used to attract 4 million visitors and bring in £284 million a year, and to support the development of the Blackpool Airport Enterprise Zone
  • £21.9 million to modernise Torquay town centre, transforming it into a retail and leisure destination for people visiting, working and living in the town as well as improving transport links with a new focus on walking and cycling routes
  • £22.9 million investment for Peterborough to lay the groundwork for low carbon living, supporting healthy lifestyles and encourage enterprise and innovation. Planned projects include a skills centre for green technologies, enterprise hub and a new pedestrian bridge

This £180 million is the first tranche of money coming from the 3.6 billion designed to be used to level up Britain.

Communities Secretary Robert Jenrick said:

“This government is levelling up opportunity all across the country. We are unlocking the full potential of towns and communities, giving them the support that they need to thrive and the 7 Towns Fund Deals that I am announcing today mark the start of locally designed regeneration projects across the country.”

“Backed by £180 million, we are boosting skills, job creation and connectivity in these 7 towns – providing investment and confidence at a crucial time for these communities.”

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