Northampton Town Investment Plan
Overview of the Northampton Town Investment Plan (TIP)
Northampton Forward is a board consisting of a cross section of businesses, commerce, members of parliament, local councils and members of the community in Northampton. It was setup to oversee the regeneration aims and objectives for the Town, create a strategy to help achieve these aims, obtain funding and support for strategically important projects and oversee a programme of implementation for the next 5-10 years.
The Town Centre Masterplan, after extensive consultation and input from key stakeholders, was adopted 2019 identifying a range of projects across of the Town to increase footfall, create sustainable neighbourhoods for people to live, improve the public realm, build on Northampton’s unique heritage and create a destination to attract visitors.
The Town Centre Master Plan enabled Northampton Forward to prioritise projects for inclusion in a bid to the Future High Street Fund. Improvements to the market Square were chosen after consultation with key stakeholders and the bid for grant funding was submitted to Government this June to enable the project. We expect to hear if we have been successful with the bid this winter.
The Towns Fund
On 6 September 2019 the government invited 100 places in England to develop proposals for a Town Deal, forming part of the £3.6 billion Towns Fund announced by the Prime Minister in July 2019.
The overarching aim of the Towns Fund is to drive the regeneration of towns to deliver long term economic and productivity growth through:
Ensuring towns are thriving places for people to live and work, including by:
• Increasing density in town centres;
• Strengthening local economic assets including local cultural assets;
• Site acquisition, preparation, remediation, and/or development; and
• Making full use of planning tools to bring strategic direction and change.
Skills and enterprise infrastructure
• Driving private sector investment and small business development; and
• Ensuring towns have the space to support skills and small business development.
• Developing local transport schemes that complement regional and national networks; and
• Supporting the delivery of improved digital connectivity.
Towns can bid for up to £25m for capital projects that meet these objectives.
In order to bid for the funding Northampton Forward must prepare a Town Investment Plan which establishes a clear vision for future investment, building on its core values and strengths. Within this Town Investment Plan will be the projects that the community and businesses consider are a priority.
It is essential that the interventions supported through the Towns Fund should have the support of the community and businesses through ongoing engagement and genuine partnership arrangements. Plans made with the communities are most likely to be successful, lead to innovation and creativity. To achieve this, we published an online survey and a series of workshops from September to October 2020 to understand your views. These have now been collated and are being used to inform the development of the Town Investment Plan and shortlisted projects funding.
The vision for town and priority projects are now being drafted taking into consideration the recent public consultation results. The final TIP, after review by the Northampton Forward Board, will be submitted to Government this winter. If approved Northampton Forward will develop these projects in detail which will include further involvement from members of the community and local businesses.
This process will take a year to 14 months.
If you would like to receive more information about the Town Investment Plan, please complete the enquiry form below.