More on: Five high streets in Devon and Cornwall to share £51m

Five high streets across Devon and Cornwall are set to benefit from millions of pounds in investment, the Government has announced.

Aaron Greenaway www.devonlive.com

Plymouth, Newton Abbot, Barnstaple, Paignton and Penzance will share £51,565,473 in funding from the Government’s Future High Streets Fund which aims to invest in a number of improvements and changes is part of a £1bn package promised by the Prime Minister, Boris Johnson.

The news of the announcements comes after a number of towns and cities received initial funding to develop plans and proposals for the fund earlier in the year and will see them benefit from a number of changes and improvements

Redevelopment of the Civic Centre in Plymouth is among the proposals part of the Plymouth successful funding bid. (Image: Penny Cross / Plymouth Live)

Paignton is set to receive £13,363,248, Plymouth £12,046,873, Penzance £10,403,112, Newton Abbot £9,199,364 and Barnstaple £6,548,876. None of the towns successful in their bids has received the full funding they bid for, meaning the offers are currently listed as provisional. A funding bid for Bideford was unsuccessful.

The schemes promise to bring a number of improvements to the town centre including regenerations and changes to key shopping areas and buildings, with a large-scale redevelopment of the Civic Centre in Plymouth, as well as public wi-fi in Penzance among the proposals.

Robert Jenrick, Communities Secretary said: “The year ahead will be a big one for the high street as it seeks to recover, adapt and evolve as a result of the pandemic, Today’s £830m investment from the Future High Streets Fund is one of many ways the government is working to help our much-loved town centres get through this and prosper into the future.

“The role of the high street has always evolved. We want to support that change and make sure that they are the beating heart of their local community – with high quality housing and leisure in addition to shops and restaurants.”

In Paignton, Councillor Steve Darling, Leader of Torbay Council welcomed the news, saying: “This is a timely and much-needed boost for Paignton. Our towns and our town centres continue to feel the impact of COVID-19 and we are starting to see its full economic impact.

“The Future High Streets Funding is vital for Paignton Town Centre as it provides us with the resources to accelerate the regeneration of these key sites. This will support the recovery and repositioning of the town centre improving the long term sustainability of businesses in Paignton.

“We know that over 75% of businesses in Paignton town centre are independently owned. They employ local people and provide valued local services. Their success is vital to people and families in Torbay.”

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