Budget 2021 and the Towns Fund

This week’s Spring Budget saw Northampton awarded £25m as part of the Towns Fund. This funding will kickstart a raft of development projects across the town and is fantastic news! It will help to transform the high street as well as boost the town’s cultural offer.

The Government grant will be supported by match-funding of £13.5 million from the Council, Enterprise Zone, Getting Building Fund and the National Heritage Lottery Fund and will unlock private-sector investment worth £156m.

Overall, the Spring Budget delivers on the Government’s commitment to provide security and stability to the British people through the pandemic – providing over £407 billion of support for families, jobs and businesses over this year and next.

Key measures include extending furlough to the end of September, two further grants for the self-employed, a six month extension to the Universal Credit uplift, and new grants and loans for businesses.