Preston Town Hall in Lancaster Road Pic: Blog Preston Twenty million pounds of ‘levelling up’ funding for Preston hangs in the balance as the city counc
Cottam Parkway back on track after wrangle over landTwenty million pounds of ‘levelling up’ funding for Preston hangs in the balance as the city council considers asking the government for permission to change how the money is spent.
The only one of Preston’s levelling up schemes that would survive in both of those scenarios is the replacement of the Old Tram Bridge in Avenham Park, which is already underway. The latter would also be extended to incorporate Orchard Street – leading through to the market – which the report describes as being in “poor condition” and identifies as “the missing jigsaw piece” in the public realm improvements being made in the area.
A complication of the proposed new arrangements is that it would affect the amount of so-called ‘match funding’ available for Preston’s Levelling Up Fund projects. The city had secured an extra £4.1m on top of the £20m allocated by the government – enabling it to comfortably meet a rule which requires at least 10 percent of the total value of the package to come from other sources.
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