Trafford Council’s scheme to regenerate Stretford town centre is a step closer to receiving millions of pounds worth of Government funding.
The Council has reached the second round of the the £675m Future High Streets Fund (FHSF) which provides co-funding towards major projects.
The fund was launched by the Ministry of Housing, Communities and Local Government in December and is designed to support and fund local areas’ plans to make their high streets and town centres fit for the future.
Stretford is among 50 centres nationally to be chosen to receive an initial payment of up to £150,000 to develop a full business case for capital investment by the FHSF following an Expression of Interest (EoI) earlier in the year.
If the scheme is progressed further, Trafford could receive significant funding from FHSF to support the delivery of the Refreshed Stretford Masterplan approved by the Council last year to revitalise the area.
The EoI focused on the improvements to public spaces and pedestrian and cycle movements, as well as securing a long-term solution for the Essoldo cinema, Stretford Mall and plans for a mix-used development on Lacy Street. This would open up access to the Bridgewater Canal, delivery improved retail and food/drink facilities and provide new town centre homes, including affordable housing.
The Council will receive further guidance from the Ministry of Housing, Communities and Local Government on the next steps required later this month. There will then be further engagement and consultation with local communities to develop more detailed proposals as part of the Council’s commitment to a process of partnership working.
Cllr James Wright, Trafford Council’s Executive Member for Housing and Regeneration, said:
We are delighted that Stretford has been successful in reaching the next stage of the Future High Streets Fund. Stretford deserves a great centre that is fit for the future. The Fund represents a fantastic opportunity to help the town centre reach its full potential and support delivery of our masterplan. Residents, communities and businesses are at the heart of all we do and I am looking forward to working with our partners in developing business case."
Posted on Monday 8th July 2019