Today the Chancellor has announced that Bury is to receive £20 million as part of the Government’s £4.8 billion Levelling Up Fund to support town centre and high street regeneration.
It will deliver essential improvements to Bury Market as part of a vision led regeneration initiative that will also deliver a new flexible venue as a focus for leisure, events, and enterprise.
These proposals will secure the financial sustainability of the market over the medium to long-term, increase footfall across the town and improve the business opportunities in Bury such that the economy becomes more resilient and prosperous.
The improvements to public spaces will improve connectivity between key parts of the town and public transport facilities particularly for walking and cycling, whilst reducing fear of crime due to better navigation and less vacant premises.
This comes in a week where the Government has also provided £1.07 billion to level up transport in Greater Manchester which, amongst other projects, will deliver a new, modern interchange for Bury.
Bury’s bid is one of 12 projects in the North West set to receive support in the first round of the Levelling Up Fund to help working families, support business and drive economic growth as the country recovers from the pandemic.
James Daly, MP for Bury North, commented:
“This is a huge step forward for the regeneration of our town centre. This Government is providing the money that we need to change Bury for the better and make our world-famous market even more of a key cultural and economic part of our town”
“Since being elected I have been lobbying the Government to ensure that Bury gets the investment we deserve, and it is excellent to see that this transformational investment is becoming a reality.”