LEAMINGTON could be set for a share of a £1billion fund to develop its town centre.
Government’s Future High Streets Fund has shortlisted 100 towns to develop plans to reinvent their high streets.
Leamington was selected for its proposals for the town’s waterways, old town and town centre and will now be given £150,000 to develop its bid.
The town will then be eligible for up to £25million of funding to invest in infrastructure, housing and work spaces to bring long-term economic benefits. It could also see business rates cut.
Other successful areas included Nuneaton, Dudley, and Scarborough.
Communities secretary Robert Jenrick said: “Town centres and high streets are at the heart of local communities. As consumer habits change we know that some are facing challenging times. Our plan to help the high street evolve and thrive involves investing £1 billion in transformative infrastructure, town centre housing, workspaces and culture – as well as cutting business rates for most smaller shops and businesses. “With support these areas will produce long term plans and receive up to £25m each to make them a reality.”
