financehotelowner.co.uk··1 min·For: Owner, Investor, GM, F&B
UK Launches £210m Fund to Revamp High Streets
The UK government has introduced a £210 million regeneration package aimed at repurposing vacant town centre commercial properties and supporting community spaces. The funding includes dedicated capital to help local councils purchase derelict sites and safeguard at-risk venues.
Key Takeaways
- 1£125m allocated to a derelict buildings fund for councils to acquire and redevelop disused sites
- 2£65m targeted at helping communities purchase at-risk properties like local pubs and venues
- 3£10m dedicated to high street rental auctions for sites vacant for over 12 months
Source: hotelowner.co.uk
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