RHYL is to receive an additional £20 million as part of the “Levelling Up” agenda, as revealed by chancellor Jeremy Hunt MP as he confirmed the Spring Budget today (March 6).
Before Christmas, Denbighshire County Council was awarded £20m in the previous round of the Levelling Up Fund, with nearly £13m of that sum committed to regenerating Rhyl.
Earlier last year, the council also received £26m through the UK Shared Prosperity Fund.
READ MORE:
Rhyl man breached suspended sentences by not giving drugs test sample
X Factor star from Rhyl to perform at first Towyn Pride
Prestatyn teenager's advice to those thinking about life after school
Today, Mr Hunt has confirmed further funding for Rhyl, as the UK Government looks to expand its “Long-Term Plan for Towns” to 20 more places, of which Rhyl is one.
This provides each town with £20m of endowment-style funding to invest across 10 years, empowering them to develop a plan for the long-term, not just for the end of the financial year.
Vale of Clwyd MP, James Davies, said: “This is very welcome news indeed for Rhyl and will contribute massively to the ongoing efforts to regenerate the town.
“The funding will be focused on the issues that matter most to local people, including the high street, heritage and regeneration, and public safety and security.
“The flexibility within this funding means that towns are more able to capitalise on private and charitable investment, aligning delivery with businesses and investors to maximise the benefits for local people.
“The Long-Term Plan for Towns forms part of an ambitious and much wider programme of reform and investment to level up the UK, which puts powers and funding in the hands of individuals across the country.
“As the Prime Minister has said, the problems facing our towns are long-term and our approach must be, too.
“With £13m of Levelling Up funding already committed to Rhyl, this additional money over the next 10 years will really help the town fulfil its potential and put it back on the map for all the right reasons.
“I thank the chancellor for providing Rhyl with this substantial funding package and the opportunity to achieve the best outcomes for the town.”
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel