Towns Fund

Last September, Bolton was named as one of a 101 places in the UK to share in the £3.6 billion Towns Fund, which aims to ‘support towns to build prosperous futures’. 42 places across the Northern Powerhouse are among the pioneers of new ‘Town Deals’, which aim to boost towns through improving transport, broadband connectivity and providing social and cultural infrastructure.

Bolton is one of only four towns in Greater Manchester set to potentially benefit from up to £25 million and develop a Town Deal.

The Towns Fund

The priorities for investment will be concentrated on Cheadle Square (the area between Bolton Town Hall and Moor Lane) one of our key intervention areas.

To access up to £25m in government investment and ensure that the vision is shaped and supported by everyone who lives, works and visits the borough a period of public consultation was carried out to find out what the fund could be used for, where improvements could be made and what the priorities for investment should be.

Over July and August local residents, businesses and community groups had their say on what they wanted to see improved. A total of 567 surveys were completed, and virtual workshops with 60 people and one-to-one interviews with 19 private, public and voluntary sector representatives took place.

The council has already secured an additional £1m from the fund, which will be invested in improvements to the public realm on Ashburner Street and the surrounding area.

Bolton’s investment plan is seeking funding for four projects:

  • A £5.19m improvement to Bolton Market, which would see the outdoor market refurbished, upgrades to the internal halls, and all the entrances to the building improved
  • A £6.33m redevelopment of Bolton Central Library, Museum and Archive, which would expand the Aquarium, modernise the libraries and introduce flexible workspaces for local businesses and groups
  • A £7.24m upgrade and refurbishment of the Wellsprings building to create an innovation hub for businesses in the creative and digital sector
  • A £6.25m public realm project which would create a greener town centre, seeing footpaths and connections between key institutions improved, and new pocket parks and public spaces created

If you would like to find out more please contact us.

 

Progress to Date

The Council has now established a Towns Board which has numerous times (virtually) in preparation for the Towns Fund Bid Submission.
The minutes from meetings can be found below.

At the May meeting Belinda Beaver, President of the Chamber of Commerce for the Bolton Area was appointed as Chair of the Towns Board. The Terms of Reference for the Town Board have also been established.

The Council has now submitted it’s bid. The next stage of the process will involve the council agreeing Heads of Terms with government and developing a full business case for the projects by January 2021.

Find out more details about Bolton’s submission and read the full press release.

To find out more about the towns fund go to www.gov.uk

Cheadle Square