Following the Government statement on the Stronger Towns Fund, Peter Aldous seeks assurances that the Government will play a pivotal role in unlocking Lowestoft's potential.
Lowestoft is a town with a proud history that faces significant challenges, including deep pockets of deprivation. However, there is an exciting future in which Government can play a pivotal role in unlocking potential. My concern is that the money from the coastal communities fund is spread thinly around the coast, and the east of England is at the bottom of the table of regional beneficiaries of this fund, so resources will not be available to unlock that potential. Can the Secretary of State allay my concerns?
What I would say to my hon. Friend in relation to Lowestoft and the work of the coastal communities fund is that today’s announcement has two elements: the £1 billion—he references the £25 million notional allocation to the east of England—and the £600 million for competitive bids. Lowestoft should be positive, put in its submission and get the concept of its own town deal together, so we can pool resources, through the coastal communities fund, the future high streets fund and this fund, and it can have a bright, positive future.
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