Newton-le-Willows Plan for Neighbourhoods Frequently Asked Questions (FAQs)
How much funding will Newton-le-Willows receive?
The Government has confirmed towns will receive up to £20million of funding and support. The funding profiles for towns are set out below. The investment for each town will be split between 25% resource and 75% capital. The 'endowment-style' nature of this funding means each town will receive an annual, uniform, predetermined amount that is a broadly flat profile across each year of the 10-year span of the programme, similar to how Mayoral investment funds operate.
| PfN | 24-25 | 25-26 | 26-27 | 27-28 | 28-29 | 29-30 | 30-31 | 31-32 | 32-33 | 33-34 | 34-35 | 35-36 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Capacity Funding £m | 0.250 | 0.200 | 0.150 |
| 0.600 | ||||||||
| Revenue Funding £m | 0.232 | 0.256 | 0.432 | 0.432 | 0.432 | 0.432 | 0.437 | 0.450 | 0.450 | 0.450 | 3.999 | ||
| Capital Funding £m | 0.360 | 1.736 | 1.605 | 1.605 | 1.605 | 1.605 | 1.605 | 1.605 | 1.605 | 1.605 | 14.936 | ||
| Total £m | 0.250 | 0.200 | 0.742 | 1.992 | 2.037 | 2.037 | 2.037 | 2.037 | 2.042 | 2.055 | 2.055 | 2.055 | 19.539 |
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