Last week Prime Minister Theresa May gave our very own Nuneaton a name-check in Parliament. This moment in the spotlight was in relation to the huge plans to improve Nuneaton Town Centre. It is no secret that Nuneaton, like many other towns up and down the country, has suffered in recent years; due to changes in how we shop and closure of several national brands.
The Transforming Nuneaton Programme is a joint effort by Warwickshire County Council and Nuneaton and Bedworth Borough Council to regenerate Nuneaton Town Centre. In particular, the project focuses on area by the train station, which just so happens to be where our office is!
Transforming Nuneaton has now applied for a slice of a £675 Million pot, called the Future High Street Fund, set aside by the Government to improve town centres.
Regarding Nuneaton’s Bid application, in Parliament Theresa May said;
“I am pleased to hear about the Transforming Nuneaton programme” and “The bid from Nuneaton for the Future High Street Fund is currently under consideration and we hope to announce the bids that have been successful in going forward to the business development phase in the summer.”
Despite the need for the improvements to the town centre, the housing market in Nuneaton is very buoyant, with both home owners and investors. It is evident, from the growth of Nuneaton, with the housing developments in Weddington and the Long Shoot, that Nuneaton is a desirable area to live. Plans to transform Nuneaton Town Centre into a place where people live, do business, shop and visit, can only be a good thing for the Nuneaton property market and Nuneaton as a whole.
We wish Transforming Nuneaton the best of luck with their application and can’t wait to see development begin!