Ambitious and dynamic plans to help deliver long-term economic growth for Colchester are a step closer, following the award of £18.2m from the Government’s Town Deal Fund.
This significant investment was confirmed as part of the Chancellor’s budget statement on Wednesday 3 March 2021. This means a variety of projects, which will have wide-reaching benefits to residents across the borough, can now be progressed.
Image credit: St Nicholas Square regeneration, HAT Projects
The ‘We Are Colchester’ partnership launched in late January with its primary task to develop an investment plan for up to £25m from the Government’s Town Deal fund.
Simon Blaxill, Chair of the “Our Colchester” Business Improvement District (BID) and managing director of local company Kent Blaxill, has been appointed as the board’s chair.
We Are Colchester, a dynamic partnership comprising Colchester Borough Council, Essex County Council, local businesses and voluntary organisations, has been established to develop a long-term vision for unlocking more jobs and prosperity for Colchester.
The board will be supported by a new advisory group and enlist a range of stakeholders who will be directly engaged in the programme. Over the next few months, the partnership will develop an investment plan for up to £25 million from the Government’s Town Deal – following last year’s announcement that Colchester was one of 100 places able to bid for the money.
Image: Colchester Borough Council