£5bn 'power for people to lead revival'

THE Government has announced funding of up to £5 billion to revive high streets, parks and public spaces.

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The investment aims to support people across 339 neighbourhoods to lead the renewal in their local areas as part of the Government's new Pride in Place programme.

As part of the fund, 169 areas will receive £2 million every year for a decade to give them certainty when planning for the future, totalling £3.5 billion.

‘This is on top of an existing commitment to 75 areas, costing £1.5 billion.

Separately, a further 95 areas will receive an immediate £1.5 million cash injection to upgrade public areas with new green spaces, play areas and sports and leisure facilities.

Prime Minister Sir Keir Starmer promised that local people “with real skin in the game’ will decide how this funding is spent.