Newark Towns Fund

Transformative plans for Newark have been given the go ahead by the Government, following today’s announcement that Newark is to receive £25 million funding as part of the Government’s Towns Fund initiative.

Listen to members of Newark Towns Fund Board talk about some of the exciting projects given the go ahead in the video below:

What is the Towns Fund?

In September 2019, the government invited 100 towns, including Newark, to develop proposals for a Town Deal, as part of the £3.6 billion Towns Fund.  The overarching aims of the Towns Fund is to drive the sustainable economic regeneration of towns to deliver long term economic and productivity growth.

In January 2020 the Newark Towns Fund Board was set up which comprises more than 40 private and public businesses and bodies. This includes businesses, educators, the community and voluntary sectors and town, district and parish councils and together with the local community and local businesses, developed plans to transform the town’s economic growth prospects with a focus on improved transport, heritage, skills and culture.  This plans formed involved the submission of Newark’s ‘Town Investment Plan’ which will be available here within the next few months.

Newark Town’s Fund proposals

In July 2020 the Newark Towns Fund Board submitted the Newark ‘Town Investment Plan’ which outlines thirty projects to span the next 30 years, including plans to regenerate the town centre, boost business and improve infrastructure. The government has announced that this plan has been accepted.

The priority projects identified to Newark are:

  • IASTI (Newark)® - an International Air Space and Training Institute which will create new jobs locally and train the next generation of skills-matched aviation professionals with military and civil partners including pilots, engineers and ground staff
  • Expanding the YMCA Newark and Sherwood Community and Activity Village by constructing a new state of the art home to sports and leisure facilities, music and art spaces, conferencing, a wellbeing and health delivery service suite, culinary training, the largest outdoor skate park in the East Midlands and an Olympic climbing centre
  • Working with University partners to develop a Smart Innovation, Supply Chain and Logistics Enterprise zone to create a centre of excellence with regional and national significance and to provide access to skills development and career pathways
  • The Castle Gate House project to enhance the experience of Newark’s foremost historical asset and transform the Castle into a major attraction for residents and visitors alike
  • The redevelopment of 32 Stodman Street (the former Marks and Spencer’s) to create high quality Town Centre residential living and new commercial and office space, creating activity and footfall
  • Newark Cultural Heart – plans to drive and measure additional footfall and local spend through the repurposing of public buildings and spaces, an ongoing calendar of events and activities, and developing a brand and tone of voice for the Town
  • The relocation of the current police station on Queen’s Road to Castle House, enabling us to keep and work more closely with Police colleagues and allowing the redevelopment of the current site
  • Aspirations to work with a range of partners to transform Newark into a ’20-minute town’, giving people the ability to meet most of their everyday needs within a 20-minute walk, cycle or local public transport trip from their home

 

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.

Board Member Profiles

Profile of board members

Terms of Reference

Terms of Reference (PDF File, 481kb)

Board Members' Register of Interest

This is available from Newarktownsfund@newark-sherwooddc.gov.uk.

Newark Town Board Meetings

Upcoming meetings

 Newark Towns Fund Board - 22 April 2021 Agenda (PDF File, 2,778kb) (PDF File, 2,778kb)

Previous meetings

Board meeting - Thursday 11 February 2021

Newark Towns Fund Board - 11 February 2021 Agenda (PDF File, 413kb) (PDF File, 413kb) (PDF File, 413kb)

Board meeting - Friday 20 November 2020

Newark Towns Fund Board - 20 November 2020 Minutes (PDF File, 269kb) (PDF File, 269kb) (PDF File, 269kb) (PDF File, 269kb) (PDF File, 269kb)

Board meeting - Friday 11 September 2020

Newark Towns Fund Board - 11 September 2020 Minutes (PDF File, 297kb) (PDF File, 297kb) (PDF File, 297kb) (PDF File, 297kb) (PDF File, 297kb)

Board meeting - Friday 17 July 2020

Newark Towns Fund Board - 17 July 2020 Minutes (PDF File, 597kb) (PDF File, 597kb) (PDF File, 597kb) (PDF File, 597kb) (PDF File, 597kb)

Board meeting - Friday 26 June 2020

Newark Towns Fund Board - 26 June 2020 Minutes (PDF File, 495kb) (PDF File, 495kb) (PDF File, 495kb) (PDF File, 495kb) (PDF File, 495kb)

Board meeting - (held virtually) Friday 15 May 2020

Newark Towns Fund Board - 15 May 2020 Minutes (PDF File, 545kb) (PDF File, 545kb) (PDF File, 545kb) (PDF File, 545kb) (PDF File, 545kb)

Board meeting - Friday 6 March 2020

Newark Towns Fund Board - 6 March 2020 Minutes (PDF File, 512kb) (PDF File, 512kb) (PDF File, 512kb) (PDF File, 512kb) (PDF File, 512kb)

Board meeting - Friday 17 January 2020

Newark Towns Fund Board - 17 January 2020 Minutes (PDF File, 519kb) (PDF File, 519kb) (PDF File, 519kb) (PDF File, 519kb) (PDF File, 519kb)

Contact us

Newark and Sherwood District Council
Castle House
Great North Road
Newark
Notts
NG24 1BY

01636 650000

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@newark-sherwooddc.gov.uk

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