Newark has been chosen to receive up to £25million from the government-awarded Towns Fund.
At the end of July 2020, the Newark Towns Fund Board submitted a 'Town Investment Plan' to the Government, setting out a range of projects for the next 30 years that provide a basis for future investment.
In September 2019, it was announced that Newark had been chosen as one of 100 towns in the UK to receive up to £25 million worth of investment, as part of the Government’s ‘Town Deal’ initiative.
Together with the local community and local businesses the Towns Fund Board developed plans to transform the town’s economic growth prospects with a focus on improved transport, heritage, skills and culture.
For Newark to have the best chance in being awarded the maximum funding, the Newark Towns Fund Board invited residents and visitors of Newark to take part in a survey to have a say on how the money could be spent, to help the Board present the strongest ‘Deal’ possible to Government. The survey asked how you want to see Newark meet the needs of the present and the future, including education, housing, transport, roads and safety.
Local children were also asked to share their ideas with us on the future of Newark, in the form of a writing competition, so that we can create a better Newark for everyone.
The feedback and suggestions were used to help create Newark's 'Town Investment Plan', which was submitted to the Government at the end of July 2020 for its consideration.
The ambition is to ‘re-imagine’ the town, maximise the positives of its independent shops, tourist offer and assets and its historic centre and architecture.
Proposals were submitted to address the severe effects of retail decline, vacant shops, anti-social behaviour, service an appropriate night-time economy and provide new residential and family offers to the town.
Main themes include:
creating higher value jobs
improving digital connectivity
improving transport links
Newark’s ‘Town Investment Plan’
The Newark Towns Fund Board has submitted its transformative plans for Newark and has become one of the first to bid for up to £25 million funding from the Government as part of its Towns Fund initiative.
Thirty ambitious projects have been outlined in the ‘Town Investment Plan’ to span the next 30 years, including plans to regenerate the town centre, boost business and improve infrastructure.
The priority projects identified for Newark are:
- An International Air Space and Training Institute to create new jobs locally and nationally in aviation
- A Construction College to create educational pathways into innovative construction while upskilling local people
- A Smart Innovation, Supply Chain and Logistics Enterprise zone to create a centre of excellence with regional and national significance
- YMCA Newark and Sherwood Community and Activity Village – an inclusive establishment capable of providing the population of Newark with access to learning, leisure sports, skills, early careers and general wellbeing activities
- Transforming Newark into a town which embraces cycling, walking, public transport and enhancing green routes
- The Castle Gate House project – enhancing the experience of Newark’s foremost historical asset
- Newark Heart - a three-step approach to reviewing and developing the entire town offer by establishing its voice and a calendar of events
- Repurposing the town centre retail estate to increase residential premises and reduce rents and rates to retail units
- Reappraising the public estate to better apply resource to personnel rather than premises
Councillor David Lloyd, Co-Chair of the Newark Town Board and Leader of Newark and Sherwood District Council explains more in the video below:
Newark Towns Fund Board
The Newark Towns Fund Board comprises more than 40 private and public businesses and bodies and is the vehicle through which the vision and strategy for the town is defined. It has submitted a 'Town Investment Plan' and will inform the Town Deal, including the amount of investment secured through the Towns Fund.
The Board comprises of representatives from the local business and education sectors, relevant national government organisations and/or arm's length bodies, local representative organisations and community groups; Local Authorities and relevant Parish Councils; and the local MP. Membership will be reviewed every year.