Grays to benefit from share of new £3.6bilion Towns Fund
Grays has been selected by government to receive a share of a new £3.6billion funding pot to help improve infrastructure, drive economic growth and increase
Though Grays is just one of 100 places to benefit from the new Towns Fund and will potentially receive up to £25million each to transform the towns with a focus on improved transport, broadband connectivity, skills and culture. Neighboring town Tilbury has also been selected to recieve a share of the new fund.
Thurrock Council’s ambitious plans for Grays Town Centre have already been successful in the first round of bids for the government’s Future High Street Fund for a share of £1billion. This is in addition to the previous £11million funding from the government through the Local Growth Fund.
Cllr Mark Coxshall, Cabinet member for regeneration, said:
"These are investments which will bring communities together and combined with existing plans, will give Grays and Tilbury new energy and life. It’s good news that the government has once again recognised the opportunities which exist in Thurrock.
"Thurrock is one of the largest growth areas in the UK and we have a hugely ambitious regeneration agenda, with billion pounds of planned investment in new jobs, homes and infrastructure in the coming years.
"That represents a massive opportunity, and we are working hard to ensure that the necessary infrastructure is in place to support that growth and to make sure that any emerging proposals are of maximum benefit to the borough.”
More information on the new Towns Fund can be found on the Gov website below:
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