The Government launched the £3.6 billion Towns Fund in July 2019 and invited around 100 places in England to develop proposals for a Town Deal in September 2019.
This includes towns with industrial heritage which have not benefited from economic growth in the same way as more prosperous areas. Redcar is one of these towns. The Council is seeking to agree proposals for investment of up to £25 million with the Government.
This funding will help to increase economic growth, with a focus on regeneration, tourism and leisure, culture, skills and connectivity. Any funding received as part of the Town Deal will be invested in the Redcar area shown on the diagram above, with a key focus on Redcar town centre and esplanade. It will help to address the impact of Covid-19 upon the local economy, whilst focussing primarily on delivering sustainable, long-term change.
A Town Deal Board has been put in place by the Council. The Board is developing, with the community, businesses and stakeholders, a Town Investment Plan to submit to government. Please go to the Governance page to see who is on the Town Deal Board.
The Council is working with a team led by Lichfields planning consultants to help prepare the Town Investment Plan.
Study Area Boundary Plan - Click to Zoom
This includes architects, commercial agents, and specialists in transport/accessibility, tourism/culture/leisure and skills and employment. They are all experts in their fields and will contribute their experience and knowledge to the project.
This team has also developed a Masterplan to help guide future investment in the area beyond the timeframe of the Town Deal.
The next page tells you about the vision we have developed for Redcar as part of the Town Investment Plan.
Redcar Town Deal Board established (January 2020)
Towns Fund launched by Government
Developing a vision (July – August 2020)
Baseline analysis - Finding out about the town
(June - July 2020)
Town Investment Plan - Finalising the plan (November/
Masterplan development - Ideas and options to support economic growth
(August – September 2020)
Economic modelling and cost analysis - What impact will the projects have and what will they cost?
Consultation and masterplan
Submission of Town Investment Plan