Multi-million pound boost for regeneration

A £6 million fund is being set up to kick-start regeneration projects across the borough.

This new fund aims to ‘pump prime’ major initiatives and help to attract external finding to make ambitious town centre proposals come to fruition.

The Regeneration Investment Fund will be used to enhance schemes which aim to boost local businesses, jobs, public spaces and amenities, and housing.

The council is fully committed to the Radcliffe Regeneration Strategic Framework, which will require more than £30 million over the next three years. Other key areas of regeneration across the borough include Prestwich town centre and the Bury Town Centre Masterplan.

Councillor Eamonn O’Brien, leader of Buy Council, said: “We have ambitious plans for the town centres of Bury, Radcliffe and Prestwich, plus a number of regeneration projects across the borough.

“One thing that all these ambitions have in common is the need to work with landowners, partners and investors – and the public – in order to progress delivery. Our new investment fund demonstrates our commitment to taking the lead and turning these dreams into reality.”

The proposals are set to be approved when the council sets its budget for 2021/22 on Wednesday (24 Feb).

ENDS

Press release issued: 22 February 2021.