The Future High Street Fund is led by the Ministry for Housing Communities and Local Government (MHCLG). The national fund is £1billion and will be used to renew and reshape town centres and high streets, to improve experience, drive growth and ensure future sustainability. These will be transformational schemes. The funding bid should include a small package of key schemes that all meet the criteria and that are interrelated, supporting the best overall uplift.
After successfully submitting an expression of interest, Newton Abbot has been shortlisted along with 100 other towns. We now need to submit a detailed final bid which will include a business case of proposals and design plans and the related benefit cost ratio.
The business case proposals are outlined below, and build on the themes of the Master planning work and the Local Plan:
- Market Quarter; redevelopment of Market Hall, Alexandra Cinema and Market Square
- New Cinema in Market Square
- Pedestrian enhancements & greening along Queen Street
- Improved cycling links to town centre
- Cricketfield Car Park Decking
This is an opportunity to fund and invest in the main market town of Newton Abbot. To create a vibrant Markets Quarter and more sustainable travel links, alongside safeguarding overall parking capacity in the town centre, for a good balance of options to travel to town. These changes will focus on an improved town centre environment and market facilities, to encourage more regular trips as well as longer stays in the town, as a hub for local communities and a shopping destination.
The engagement period for the Future High Street Fund has now ended and thank you for any comments you have made. Responses are now being considered and we will continue to work together if our bid is successful.
The final submission for the Future High Street Fund bid is by the end of July 2020.