The members of the Towns Fund Board are delighted to share the news that the Stocksbridge bid has been successful.
The Chancellor Rishi Sunak today (March 3rd) confirmed that the Towns Fund bid has been approved – meaning that £24. 1 million will be available to fund the Stocksbridge Town Deal.
The bid was submitted in January this year and its approval was confirmed by the Government during the budget – delivering a comprehensive package of projects investing in the local area - to create jobs and new opportunities.
The bid is aimed at prioritising investment which will attract new businesses and job opportunities to the town and responds to the key issues and concerns raised by local residents about connectivity, opportunities and regeneration through the public consultation process.
Projects outlined in the bid include:
Improvements to walking and cycle trails
A major redevelopment of part of Manchester Road including a new library and community facilities
Public realm improvements to the Manchester Road area as well as better links to other parts of the town
A post 16 hub at Stocksbridge High School
A new local community bus network
Improvements to the Leisure Centre
The Towns Fund Board is co-chaired by Mark Dransfield, managing director of Dransfield Properties and the local MP Miriam Cates, and is made up of stakeholders and local business representatives, as well as officers from Sheffield City Council and Cllr Julie Grocutt representing both Sheffield City Council and Stocksbridge Town Council.
Further details will be announced when the board have had the opportunity to review the details.