About the Towns Fund

The objective of the Town Deal Fund is to drive the economic regeneration of towns to deliver long-term economic and productivity growth via:

• Urban regeneration, planning and land use - ensuring towns are thriving places for people to live and work, including by increasing density in town centres; strengthening economic assets including local cultural assets; site acquisition, remediation, preparation, regeneration, making full use of the planning tools to bring strategic direction and change.
   
• Skills and enterprise infrastructure - driving private sector investment and ensuring towns have the space to support skills and small business development.
   
• Connectivity - developing local transport schemes that complement regional and national networks as well as supporting the delivery of local digital connectivity.
   
• Local - most importantly, local communities must have a say on how the money is spent.

The Town Deal is the agreement signed by government and the council, as lead organisation for the project.