We won £20 million to regenerate Bury Market and build a new flexi hall and another £20 million to regenerate Radcliffe town centre and build a new multi-use civic hub.
In March 2021 the Department for Transport, the Ministry for Housing, Communities and Local Government and the Treasury jointly announced the details of the £4.8 billion Levelling Up fund. The fund operates on a competitive basis and focuses on local infrastructure projects that can deliver a visible impact on people and places within a short period of time.
Support of up to £20 million of funding was available for regeneration and town centre investment projects, and the number of eligible bids is determined by the number of MPs in a Local Authority Area (two in the case of Bury).
Bids were assessed on three criteria:
- the ability to demonstrate that Levelling Up fund expenditure can be delivered in 2021/2022, with the expectation that all funding provided is spent by 31st March 2024
- an assessment based on the characteristics of the place (priority category), deliverability, strategic fit, and value for money
- ministerial discretion, which will take into account, reasonable thematic and geographical split, approved projects across places of need and other aligned investment.