A £6m fund set up to kick-start regeneration projects across Bury is expected to be approved this week.
This new fund aims to ‘pump prime’ major initiatives and help to attract external finding to make ambitious town centre proposals come to fruition.
The Regeneration Investment Fund will be used to enhance schemes which aim to boost local businesses, jobs, public spaces and amenities, and housing.
The council has also fully committed to the Radcliffe Regeneration Strategic Framework, which will require more than £30m over the next three years. Other key areas of regeneration across the borough include Prestwich town centre and the Bury Town Centre Masterplan.
Cllr Eamonn O’Brien, leader of Bury Council, said: “We have ambitious plans for the town centres of Bury, Radcliffe and Prestwich, plus a number of regeneration projects across the borough.
“One thing that all these ambitions have in common is the need to work with landowners, partners and investors – and the public – in order to progress delivery. Our new investment fund demonstrates our commitment to taking the lead and turning these dreams into reality.”
The proposals are set to be approved when the council sets its budget for 2021/22 on Wednesday (Feb 24).
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