Coronavirus: Mansfield to receive up to £1m boost to help kickstart economy
Mansfield has been earmarked for a Government funding boost of up £1m to help kickstart the town’s economic recovery amid the coronavirus crisis.
Mansfield is one of 101 locations across the country that have been selected to receive a ‘level up’ via the Government’s Towns Fund, benefitting from a slice of £96m to accelerate investment in their town centres.
As part of this, Mansfield will receive between £500,000 and £1 million to spend on projects such as improvements to parks, the high street and local transport.
Mansfield MP Ben Bradley said he would ‘be fighting to ensure Mansfield gets its fair share’.
He added: “It’s great news that Mansfield will receive at least £500,000 from the Stronger Towns fund this year, enabling a transformation of our area and helping Mansfield to thrive as we move beyond the coronavirus pandemic.”
The Towns Fund is targeted at areas with a ‘proud industrial heritage’ that have not always benefitted from economic growth in the same way as more prosperous areas.
The announcement, made yesterday (Wednesday, July 1) brings the first tranche of money from the fund to help each area meet some of the immediate challenges they face as a result of COVID-19.
This week, Prime Minister Boris Johnson announced a total of £5 billion would be invested in Britain’s infrastructure as part of the ‘New Deal for Britain’.
The package of measures is designed to upgrade Britain’s infrastructure and skills to fuel economic recovery across the UK.