The Towns Fund is a new funding scheme launched by the Government for towns to improve their economy. Bournemouth has secured almost £22million as part of the ‘Town Deal’ to turbo charge ambitious regeneration plans for Boscombe.
This latest funding announcement of £21.7million is in addition to last year’s successful bid for £1million in accelerator funding.
The funding will be used to develop ambitious projects to deliver jobs and homes. Detailed business plans for each project will now be drawn up.