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NEWARK TOWNS FUND

Submitted on 04 March 2021 by Helen Crossland

Transformative plans for Newark have been given the go ahead by the Government, following today's annnouncement that Newark is to receive £25 million funding as part of the Government's Towns Fund initiative.

What is the Towns Fund?

In September 2019, the government invited 100 towns, including Newark, to develop proposals for a Town Deal, as part of the £3.6 billion Towns Fund.  The overarching aims of the Towns Fund is to drive the sustainable economic regeneration of towns to deliver long term economic and productivity growth.

In January 2020 the Newark Towns Fund Board was set up which comprises more than 40 private and public businesses and bodies.  Ths includes businesses, educators, the community and voluntary sectors and town, district and parish councils and together with the local community and local businesses, developed plans to transform the town's economic growth prospects with a focus on improved transport, heritage, skills and culture.  These plans formed the submission of Newark's 'Town Investment Plan' which will be available here within the next few months.

Newark Town's Fund proposals

In July 2020 the Newark Towns Fund Board submitted the Newark 'Town Investment Plan' which outlines thirty projects to span the next 30 years, including plans to regenerate the town centre, boost business and improve infrastructure.  The government has announced that this plan has been accepted.

The priority projects identified to Newark are:

  • IASTI (Newark) - an International Air Space and Training Institute which will create new jobs locally and train the next generation of skills-matched aviation professionals with military and civil partners including pilots, engineers and ground staff
  • Expanding the YMCA Newark and Sherwood Community and Activity Village by constructing a new state of the art home to sports and leisure facilities, music and art spaces, conferencing, a wellbeing and health delivery service suite, culinary training, the largest outdoor skate park in the East Midlands and an Olympic climbing centre
  • Working with University partners to develop a Smart Innovation, Supply Chain and Logistics Enterprise zone to create a centre of excellence with regional and national significance and to provide access to skills development and career pathways.
  • The Castle Gate House project to enhance the experience of Newark's foremost historical asset and transform the Castle into a major attraction for residents and visitors alike
  • The redevelopment of 32 Stodman Street (the former Marks and Spencer's) to create high quality Town Centre residential living and new commercial and office space, creating activity and footfall
  • Newark Cultural Heart - plans to drive and measure additional footfall and local spend through the repurposing of public buildings and spaces, an ongoing calendar of events and activities, and developing a brand and tone of voice for the Town
  • The relocation of the current police station on Queen's Road to Castle House, enabling us to keep and work more closely with Police colleagues and allowing the redevelopment of the current site
  • Aspirations to work with a range of partners to transform Newark into a '20-minute town', giving people the ability to meet most of their everyday needs within a 20-minute walk, cycle or local public transport trip from their home.