Loughborough has been invited by the government to bid for up to £25 million of Town Deal funding.
Town Deals aim to regenerate town centres, boost businesses and improve infrastructure and connectivity. In total, 100 places around the country have been invited to bid for funding.
A Loughborough Town Deal Board has been formed and involves representatives from Charnwood Borough Council, Loughborough University, Loughborough College, Love Loughborough, Leicestershire County Council, the Leicester and Leicestershire Enterprise Partnership, Charnwood Together Economy and Skills Group, local businesses and Loughborough MP Jane Hunt.
The Board is co-chaired by Dr Nik Kotecha OBE, chief executive officer of Morningside Pharmaceuticals, and Cllr Jonathan Morgan, leader of Charnwood Borough Council.
An initial board meeting has taken place and a community consultation and engagement process is being formed to ensure the community are involved and represented throughout the process.
The Board has submitted a Town Investment Plan to government which will set out how the funding will be used. A summary document can be found below, as well as the original Town Deal Prospectus.