Newport benefits from extra investment in borough High Streets
Written by Dean Churm on February 18, 2019
Six towns across the borough of Telford and Wrekin are to benefit from a share of a £1m investment pot to upgrade their High Streets over the next two years.
Telford and Wrekin Council announced today that Newport, along with Wellington, Ironbridge, Dawley, Madeley and Oakengates will all receive additional investment from the council’s Pride in Our Community High Street Fund.
The Council says that the £1m investment, with £500,000 allocated in each year, is part of a series of new one-off investments which will total £3.6m and has been made possible following changes to the council’s finances including a one off VAT refund.
The cash boost is aimed at bringing currently empty High Street units back into use, improving shop facades and continuing the Young High Street Challenge scheme to engage more young people.
Councillor Lee Carter, Telford & Wrekin Council’s cabinet member for Economic Development, said: “High Streets are vital for bringing communities together – they are places to shop, meet friends and enjoy ourselves. We know there are challenges and finding ways to support local businesses and regenerate High Street requires creative thinking. Investment is key which is why our commitment to improving our High Streets is ongoing and also why we have set aside this additional funding.”
Newport Mayor, Councillor Peter Scott, said “all extra investment in Newport is very much appreciated. Along with recent investment in the Innovation Park and Audley Business Park, which has guaranteed us extra employment, we are also receiving £150000 for the Scout Hut roof, the Hub and the Guildhall renovations”.