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Additional funding secured for Newark totals nearly £50m

The Newark and Sherwood District Council, working with a range of partners, is committed to maximizing any opportunity or grant program available to help achieve its goals.

The funding comes on top of £50million in grants that have been provided to support local businesses in Newark and Sherwood during the coronavirus pandemic in 2021.

Councilor David Lloyd, Leader of Newark and Sherwood District Council, said: ‘District Council staff, councilors and our partners have worked tirelessly to put forward a number of complex offers to secure investments. for Newark and the district at large.

“We are delighted to have succeeded in securing almost £50 million in 2021, ranging from the development of underutilized land and buildings, to transport infrastructure, to programs that will create new educational offers, pathways access to employment and training programs.

“We remain, along with others, committed to transforming Newark into a vibrant place where people can live, work and visit. Some projects are complete, some are well advanced, and others will follow over the next three to five years. I look forward to seeing our plans come to life over the next few years.

“But we won’t stop there, it’s a beginning and not an end. 2022 will see us continue to work with others, be nimble and able to apply for as much additional funding as possible to support residents and businesses across the district. A leveling fund bid of up to £25million will be prepared for the Sherwood area by the District Council.

“This will accompany Nottinghamshire County Council’s bid, backed by the District Council, for the reopening and extension of the Robin Hood Line and associated new stations in Edwinstowe and Ollerton. It is only through the ambition and passion of the District Council and its partners to create the best opportunities for businesses and residents that this additional funding has been secured.

“Without that drive, the district wouldn’t have that extra £50m allocated. I am incredibly proud of the hard work team responsible for securing this additional investment. »

In 2021, funding was secured for projects including preparatory work for the redevelopment of the former Marks and Spencer site on Stodman Street (£284,000) and the Yorke Drive regeneration project (£1,050,000) through the The government’s Brownfield Land Release Fund, which has allocated around £58m to local authorities to provide housing on underused public sector land.

Funding has also been granted to the District Council, after a successful application, to launch various projects under the UK Community Renewal Fund (CRF), which supports areas to pilot programs and new approaches that will better support people and the communities.

Under the CRF, just over £1.2million has been allocated specifically to Newark and Sherwood for employment and training support for local people and businesses, which will be delivered through four different schemes . These include:

  • The East Midlands Accelerator Program (£578,368) to help businesses increase their local carbon intelligence, help retail and hospitality businesses grow their e-commerce, provide funding to help start-ups , providing on-the-job training and mentorship to convert Kickstart and graduate programs into sustainable employment, and grants to help businesses demonstrate resilience and growth
  • The Good Work scheme (£135,673) to help people with complex mental or physical health needs find employment
  • The Newstart scheme (£402,396) to help people find a job, start a new business or develop new skills
  • Volunteer Yourself (£153,000) for young people aged 16-24 to regenerate community spaces while learning new job skills and gaining entry level job accreditations and qualifications for the city and guilds.

The District Council, in partnership with Nottinghamshire County Council and Urban & Civic, has also won the bid to the Government’s Leveling Fund for a £20million investment for the Southern Link Road (SLR), which will was the only successful bid for Nottinghamshire.

The £20 million investment will be used to complete the SLR, which will form the missing link in Newark’s Outer Loop by linking the A46 at Farndon to the A1 at Balderton.

Urban&Civic has already started the first phase of the development and this funding will enable the remaining delivery of Middlebeck, one of the Strategic Urban Extension (SUE) sites around Newark.

Earlier in 2021, Newark received £25 million in funding under the government’s Towns Fund initiative. The application involved the submission of Newark’s “City Investment Plan”, which was developed by a dedicated Newark Towns Fund Board of Trustees made up of private and public companies and organizations.

The funding supports nine catalyst projects for the regeneration of the city, with other projects and aspirations spanning the next 30 years. Projects include the International Institute for Aeronautics and Space Training, the YMCA Community and Activity Village, the Castle Gatehouse Project and the Newark Construction College Center of Excellence.