Camborne receives funding boost as part of Prime Minister's New Deal

George Eustice has today welcomed the news that the Prime Minister has announced additional funding to level up Camborne. The announcement is part of a wider economic package to accelerate infrastructure projects, fuelling jobs and the country’s economic recovery following coronavirus. 

Towns across England that have successfully been selected to receive investment via the Government’s Towns Fund will benefit from a share of £96m to accelerate investment in their town centres and high streets this year.

As part of this, Camborne will receive between £500,000 and £1 million to spend on projects such as improvements to parks, high streets and local transport. It is receiving the funding as one of the 101 towns previously selected for town deals, under the Conservative Government’s plans to level up places across the country.

The Towns Fund is targeted at areas with proud industrial and economic heritage that have not always benefitted from economic growth in the same way as more prosperous areas. Today’s announcement brings the first tranche of money from the Fund to help each area meet some of the immediate challenges they face as a result of COVID-19 and invest in shovel ready projects that will improve their town centres forward, from new cycle lanes and better pedestrian access to repurposing empty shops to create new community spaces.

The Prime Minister has announced £5 billion to invest in Britain’s infrastructure, as part of the New Deal for Britain, in the wake of the coronavirus outbreak. The package of measures, including improving town centres, is designed to upgrade Britain’s infrastructure and skills to fuel economic recovery across the UK.

This builds on the £3.2 billion the Government has provided to local authorities throughout the coronavirus pandemic, to help them keep key local services running. The funding has meant that local authorities have been able to continue to provide essential services, including getting rough sleepers off the street, supporting people who have been shielding and providing vital social care.

George commented, "Our local towns were once at the heart of the industrial revolution and our expertise in mining engineering was second to none. Over the years, with the loss of mining our fortunes waned and all too often the political attention was on big northern cities, but now we have an opportunity to reset this imbalance and deliver the economic regeneration that our towns and communities need.

"I am delighted that Camborne will receive at least £500,000 from the Stronger Towns fund this year – ahead of schedule – enabling local leaders to accelerate plans that will transform our area and help Camborne, Redruth and Hayle to thrive as we move beyond the coronavirus pandemic. The £5billion to bring forward infrastructure projects of all types, from better connected, more modern high streets to new schools and roads, will help to create new jobs and opportunities across Britain, and I will be fighting to ensure our area gets its fair share.”