Town Investment Plan

 

The Government announced on June 8th 2021 that the Long Eaton Town Investment Plan (TIP) has now been approved. Erewash Borough Council have released the following press release.

Long Eaton Town Investment Plan (TIP)

The Town Investment Plan sets out a vision for Long Eaton and a schedule of work agreed by the Town Board members, reflecting the needs of local businesses and organisations as well as local residents.

The Town Investment Plan for Long Eaton is based on a boundary for Long Eaton that has been agreed with MHCLG (Ministry of Housing, Communities and Local Government) and can be viewed via the attached map

The Council held a public consultation to help inform the TIP’s vision and priorities for investment. This closed on Sunday 30th August at 11:55pm.

The Town Board in consultation with private sector partners and members of the public has selected projects that align with the Town Fund Prospectus and that will benefit Long Eaton. More information on these projects can be found on the projects page.

Summary of funding

The Town Board will be able to put forward project proposals totalling up to £25 million as part of its Town Investment Plan (deadline 29 January 2021). The exact amount offered, however, will depend on the total of all the projects that are assessed by government as viable.

Funding allocated to date:

In December 2019 the council received £162,019 capacity funding from government to support the development of a Town Deal Board and Investment Plan.

In September 2020 the council received £750,000 accelerated delivery funding to be spent on appropriate capital projects that can be delivered this financial year.