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Heanor town centre is in line to potentially benefit from a significant regeneration grant, following an announcement on 26 December 2020 that Amber Valley Borough Council’s application for funding has been successful.
The Future High Street Fund is a £675 million Government fund to help regenerate town centres across the country as attractive places to live and work and respond to the shrinking demand for retail space.
The council received a provisional offer to secure up to £8,592,837 from the Government’s Future High Street Fund and is invited to complete further works to progress their bid and secure final funding.
Commenting on the announcement, Leader of Amber Valley Borough Council, Councillor Chris Emmas-Williams said: "At a time when we desperately need something positive, this is fantastic news for Heanor and provides us with real optimism for the future of the town. It’s thanks to the hard work and creativity of council officers and our partners that we are a step further and have been able to secure this in principle offer.
"We are looking forward to confirming the grant and to being able to publish details of how this will be spent in the near future, and then starting work on this exciting new era for Heanor town centre."
The council could only put one town forward and, in order to qualify, the area needed to have a higher rate of vacant property and town centre decline than the national average. Heanor was identified as the Amber Valley town that demonstrated the highest need and potential to make a transformational change to secure its long-term future.
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