The Towns Fund is a £3.6 billion fund established by the government to level up towns and cities around the country. Bishop Auckland is one of 100 places eligible to bid for funding to improve the economy, develop the town and attract jobs and long-term investment.
Through the Towns Fund Board we are talking to residents, businesses and other organisations to identify:
- which projects will be delivered
- what funding is required
- how these projects will fit into long-term plans for the area
We need to bring together firm proposals developed in co-ordination with local communities, partners and other stakeholders that will bring a positive impact to Bishop Auckland.
As part of the scheme we are eligible to bid for up to £25 million in funding that will help deliver a huge economic social and cultural benefit to the town.