Newark is one of only 100 towns nationally to receive a windfall of up to £25m of Central Government cash.
Newark MP Robert Jenrick, Local Government Secretary, will join Prime Minister Boris Johnson today in announcing to Parliament £3.6bn of new investment in a Towns Fund.
One hundred needy towns have been selected on merit to receive up to £25m each from Mr Jenrick’s department in a brand new spending initiative.
Each town on the Town Deals list, which also includes Mansfield and Boston, will work with the Government to develop innovative regeneration plans.
The move is said to be part of the Prime Minister’s commitment to “levelling up our regions.”
The towns eligible for support are said to include places with proud industrial and economic heritage that have not always benefited from economic growth in the same way as more prosperous areas.
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