In June 2021 Redditch secured a historic investment of £15.6 million Town Deal which will help fund ambitious new projects for the town. The funding represents one of the single largest government investments in Redditch since it became a new town in the 1960s.
The Town Deal is the result of the submission to government through the Towns Fund. The Redditch submission was based on vision for the transformation of the town summarised in the Town Investment Plan.
The Town Deal is to be progressed through a collaborative approach between the Redditch Town Deal Board and Redditch Borough Council. The priority projects to be funded the Town Deal have been selected because they will demonstrably boost the productivity and economy of the town, promote innovation and digital transformation, enhance the look and feel of the public areas and provide increased green and connected town centre spaces.
The projects to be taken forward are:
According to the terms of the funding, the above projects are to be completed by 2026.
In June 2021 the Heads of Terms document was agreed by the Redditch Town Deal Board and returned to government.
By the end of August 2021, documentation will be sent to government identifying the projects to be progressed.