In July 2019, the Prime Minister announced a new £3.6 billion Town Fund to support an initial 100 Town Deals across England. The money is intended to ensure these places have a prosperous future by developing innovative regeneration plans.
The Government introduced the Towns Fund to support towns across the country in challenges including those around skills, economic opportunities, investment, transport and digital connectivity.
In order to secure a Town Deal, local authorities, communities, businesses and local leaders were invited to work together and form a Town Deal Board to oversee the preparation of a Town Investment Plan that can set out a vision for their area’s future prosperity and economic growth.
Milton Keynes was identified as one of the towns eligible to bid for Towns Funding, and MK Council decided to focus the bid around Bletchley and Fenny Stratford as it is considered to be the area of Milton Keynes that would benefit most from a Town Deal.
The area to be covered by the Town Deal is shown on the map below.