The town of Staveley in Derbyshire will receive a £25.2m allocation through the Towns Fund for its Town Investment Plan, which was developed and submitted by our urbanism team in December 2020.
The funding, announced in the Chancellor’s budget, sees 45 towns in England each receive part of a £1billion cash injection. The Towns Fund aims to support long-term economic and social regeneration as well as immediate recovery from the impacts of Covid-19. The allocations are designed primarily to support infrastructure, regeneration and development; improving transport links, providing better connectivity and helping to grow skills and culture across the UK.
Michael Rich, Projects Director at Chesterfield Borough Council said: “We would like to pass on our thanks to the BDP team who produced the plan to such a high quality standard – clearly that has been a significant factor in the level of funding awarded.
Investment plans of this magnitude require patience, diligence and attention to detail and they make such a big difference to the future of the town when they are delivered to high standards and with such responsiveness."
Head of urbanism and chair of town planning, Francis Glare added: “We take great pride in knowing that our plans are contributing to the regeneration and cultural growth of the UK’s towns. This funding is a huge step in the right direction and shows what can be achieved with real collaboration between public and private organisations with a focus on meaningful engagement with local communities.
As we emerge from a crippling pandemic, we are sure that the plan can bring more investment opportunities to Staveley and that it can also bring hope to people, businesses and local authorities – proving there are brighter times ahead.”
We are now working with Chesterfield Borough Council and its partners to develop a masterplan for Staveley town centre, which will feed into the overall business case for the investment plan.
The Towns Fund follows the £675m Future High Streets Fund, which has allocated monies to 72 English towns, so far. Under this funding initiative, several of our masterplans have firm or in-principle agreements for funding. New Ferry in the Wirral received £3.2m and Heanor in Derbyshire was given £8.6m.
Linear Park, Farnworth
Farnworth in Bolton was also awarded £13.3m and developer, Capital & Centric has submitted an outline planning application for our £50m regeneration of the town’s market precinct. Located next to the town’s bus station, our aim is to reboot the town centre and create a bustling destination for artisan markets, live events, art galleries and food and beverage pop-ups.