Nelson hopes to benefit from the new Towns Fund, following a government announcement today, Friday 6 September.
Councillor Mohammed Iqbal, Leader of Pendle Council said:
“We’re excited that Nelson has been rightly chosen as one of 100 towns across England which are eligible for funding from the new Town Deals.
“Pendle Council has been making the case for investment and our hard work has been rewarded with this and other potential funding,” he said.
The total funding pot across England will be £3.6 billion with the potential for up to £25m of funding for Nelson.
“Nelson was chosen as a pioneering place with a proud industrial heritage and a need for extra investment to boost the town’s economic growth for the future,” explained Councillor Iqbal.
“And Nelson is one of only two towns in East Lancashire to be selected,” he added.
“This is a huge opportunity and we will work with the government to make sure Nelson gets a fair share of this new funding pot,” he pledged.
The Town Deals are designed to raise living standards, create jobs, improve workforce skills, and boost transport and broadband connectivity.
“We have been working tirelessly to boost economic growth in Pendle.
“In addition to the New Town Deals, we have successfully got through the first stage of funding from the government’s Future High Streets Fund which will be used to boost economic growth in Pendle.
“The Future High Streets Fund could be worth several million pounds for Nelson.
“We will be submitting an outline business case by mid November with a full business case by the end of February 2020,”said Councillor Iqbal.
“Our plans for regenerating Nelson are being supported through £70,000 of One Public Estate funding from the government for our Nelson Masterplan and we are working with other public organisations to make a real difference.
“Our work on the Masterplan will help us to develop our proposal to secure Towns Fund investment and we will be driving forward innovative plans to transform the town,” he stated.