The Government has announced today that Paignton is one of 50 towns across the country to receive a share of the Future High Streets Funding. This means that Torbay Council will receive £150,000 in seed funding to develop plans to improve the town centre, with an opportunity for millions of pounds of regeneration funding to be released to make the town centre fit for the future.
Cllr Steve Darling, Liberal Democrat Leader of Torbay Council said, “We were very disappointed that we were not announced in the first wave of this Future High Streets Funding last month. Since then we have lobbied MPs and the Government as we know that our bid was very sound. We are delighted that we can now get on with such projects as finalising plans for regenerating Station Square.”
Cllr Lee Howgate, Overview and Scrutiny Coordinator on Torbay Council, commented, “Many people in Paignton have highlighted the urgent need to enhance all that is good in Paignton town centre and regenerate some of the dark corners that desperately need improving. The Council can now have added pace to improve Paignton. Over recent years the Government have taken more than £80 million of direct funding from Torbay Council under austerity. This funding is helpful, but only a small proportion of the cash the Government took away from local authorities.”