Great Yarmouth Borough Council secures offer of £13.7m towards town centre regeneration
Great Yarmouth Borough Council has secured an offer of £13.7m investment from the Government's Future High Streets Fund towards its vision to transform and revive Great Yarmouth town centre as a vibrant economic, cultural and community hub.
Cllr Carl Smith and Cllr Trevor Wainwright, leaders of the council's main political groups, said: "This is great news for our borough and it's needed more than ever, as we look forward to continuing to invest in the regeneration and recovery of our place into 2021, with the prospect of further investment through our complementary bid for a Town Deal.
"This positive announcement reflects considerable work with our partners to put together a strong and exciting bid to the Future High Streets Fund, seeking to help make our town centre sustainable into the future with a wider range of uses and making the most of Great Yarmouth's special strengths, including its cultural heritage and visitor economy.
"Significant Government funding is critical to delivering such transformative change for our town centre, as part of our regeneration vision for the wider borough, and we are delighted to have secured an offer of nearly 70% of the money we asked for from this competitive national pot, which is a huge achievement. We deliberately made our vision scalable for different outcomes and the council has already fully-funded the crucial Market Place redevelopment, with phase one of construction due to start in 2021."