Crewe is to benefit from a major funding boost following today’s announcement that the government has awarded Cheshire East Council £10m to support its town centre regeneration plans.
Allocated to be spent over the next four years, the government’s Local Growth Fund grant has been awarded following a bid to support regeneration plans called ‘Crewe - High Speed-ready Heart’.
Councillor Rachel Bailey, leader of Cheshire East Council, said: “I am very pleased that the council has secured this funding as it enables us to take our plans for the regeneration of Crewe further forward which is going to be vital if we are going to deliver the full benefits that HS2 can bring to the borough.”
The £10m funding is part of the government’s £43.3m injection into the Cheshire and Warrington Local Enterprise Partnership (LEP) area. This is the sub-region’s share of a total £556m investment for the Northern Powerhouse, split between the region’s 11 LEPs, unveiled today by Prime Minister Theresa May.
Councillor Don Stockton, cabinet member for regeneration at Cheshire East Council, said: “This council has already secured more than £50m in recent years to deliver major infrastructure schemes and key town centre projects in the town, such as the Lifestyle Centre and university technical college, which both opened in 2016.
“The additional funding from the government will further assist Crewe in becoming HS2 ready.”
Councillor Bailey added: “While this is a great start to the new year for Crewe, we are not complacent and must work extremely hard to realise the town’s potential.
“Our conversations with the business community and the government give us confidence that we’re on the right track, and our collaborative approach with local stakeholders such as the town council and chamber of commerce will be crucial in driving forward Crewe’s transformation.