Newcastle-under-Lyme gets multimillion-pound boost
A £23.6m Government funding boost is set to support ambitious growth plans for Newcastle-under-Lyme.
Newcastle is one of 30 towns across the country to be confirmed as a recipient of the £700m Town Deals funding.
The town’s allocation is expected to generate an increase of more than £69m a year in increased gross value added (GVA).
A Town Deal Board to help develop an investment plan will be chaired by Keele University’s vice chancellor Professor Trevor McMillan.
Staffordshire County Council’s deputy leader and cabinet member for economy and skills Philip White said: “This is fantastic news for Newcastle borough and for Staffordshire and a real boost for its economic recovery post-pandemic.
“The board has already been mapping out a future vision for Newcastle – with digital connectivity, greener transport and regenerated towns and communities which will benefit communities in years to come.
“As a county council we look forward to playing our part in supporting the delivery of the plan with the borough council and Keele University. Our priorities for Staffordshire include ensuring we have vibrant towns which continue to evolve and developing our communities through enhanced skills where people can take on new employment and entrepreneurial opportunities.
“Work is already well under way in Burton on its Town Deals funding proposals, so this really is an exciting time for Staffordshire.”