Swindon & Wiltshire Business News

Swindon to get up to £1 million in government 'bounce back' cash

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Swindon is one of the nine South West towns to receive up to £1 million to spend on infrastructure projects to 'level up' its economy.

Prime minister Boris Johnson yesterday (Tuesday) announced that the UK would 'Build, build, build' its way to economic recovery.

In all, 101 towns are to receive an additional £500,000 to spend on projects such as improvements to parks, high streets or transport links.

Bournemouth, Bridgwater, Camborne, Glastonbury, Penzance, St Ives, Swindon, Torquay and Truro will each receive between £500,000 and £1million from a £96 million Towns Fund pot.

The Towns Fund is targeted at areas with proud industrial and economic heritage that have not always benefitted from economic growth in the same way as more prosperous areas.

The announcement brings the first tranche of money from the fund to help each area meet some of the immediate challenges they face as a result of Covid-19 and invest in shovel ready projects that will improve their town centres forward, from new cycle lanes and better pedestrian access to repurposing empty shops to create new community spaces.

The prime minister pledged a total of £5 billion to invest in Britain’s infrastructure, as part of the New Deal for Britain, in the wake of the coronavirus outbreak.

The package of measures, including improving town centres, is designed to upgrade Britain’s infrastructure and skills to fuel economic recovery across the UK.