A Nottinghamshire town is set to receive more than £12 million which will go towards a regeneration initiative.
Documents from Chancellor Rishi Sunak’s budget show Mansfield has been successful in its bid for the Towns Fund investment scheme.
It means £12.3 million is set to come to the town after Mansfield District Council drew up its bid for the investment last year.
In its bid, the council set out plans for Mansfield to one day become a university town, while also outlining proposals for a series of major new investments.
Under the proposals, revealed last November, disused buildings and land will be repurposed in favour of office space and the town’s first student accommodation.
There are also proposals for a new sports facility in Warsop, a new tech and business hub in Mansfield Woodhouse, improvements to parks including Berry Hill, and a local services hub in the town centre.
This comes on top of investment in the ‘future skills tech hub’ at West Nottinghamshire College, in partnership with Nottingham Trent University, which will lead to 2,285 educational places being created at the college.
Commenting on the success of the bid, Ben Bradley, MP for Mansfield, said it is “great news” for the town.
“Obviously we’ve been pushing for funding for our town centre and local economy for years, and this is the first actual cash in the bank,” he told Nottinghamshire Live.
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“It’s the first of lots, I hope, and the Chancellor also announced that we’ve got some help to put forward a business case for the Levelling Up Fund.
“This money will fund projects like the new Meden Sports Centre, a hub in the town centre, like a future technology training hub at West Notts, and it’s really, really positive stuff.”
He added: “Big thanks [go] to the Town Board and Mansfield District Council officers who did a lot of work putting these bids together.”
The announcement comes just months after the town was unsuccessful in its bid for the separate Future High Streets Funding.
The news, revealed on Boxing Day, meant the town missed out on millions of pounds, but Ashfield was successful in that bid and was awarded more than £6 million.
“It was frustrating when we didn’t get the Future High Streets funding, but the conversations I’ve had since then have been more positive,” Mr Bradley added.
“Mansfield is better positioned now in many ways with new funds, such as the Levelling Up Fund and the UK Prosperity Fund, because those things are aimed at supporting disadvantaged communities or places that have been left behind.”
Andrew Cropley, principal of West Nottinghamshire College, revealed how the Towns Fund will support various schemes.
He said: “The Future Tech, Skills and Knowledge Exchange will bring 600 or 700 students here daily, which will benefit our town centre.
“It is not just about the skills of today but the skills of tomorrow, making sure that people are able to access high-paid, high-quality, forward looking, secure employment.
“It’s also about enabling our local businesses to upskill their employees so they can become more productive, embrace new technologies, enter new markets, grow their businesses and offer yet more opportunities to local people.”
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