Future High Streets Fund
This collection brings together all documents relating to the Future High Streets Fund.
The government launched Our Plan for the High Street at Budget 2018. This included £675 million for a Future High Streets Fund.
The aim of the Future High Streets Fund is to renew and reshape town centres and high streets in a way that drives growth, improves experience and ensures future sustainability. It will do this by providing co-funding to successful applicants to support transformative and structural changes to overcome challenges in their area.
On 5 July 2019, the Minster for High Streets, Jake Berry, announced that over 50 places had been successful in progressing to the business case development phase of the Future High Streets Fund.
The Prime Minister announced on 27 July 2019 a £3.6 billion Towns Fund. This included an additional £325 million for the Future High Streets Fund, taking the overall Future High Streets Fund to £1 billion.
On 26 August 2019, the Prime Minister confirmed that Round 1 of the Future High Streets Fund had been expanded to 50 more areas.
On 26 December 2020, the Communities Secretary announced that up to £830 million has been allocated from the Future High Streets Fund. Fifteen areas were awarded £255 million, with a further 57 areas in receipt of provisional funding of £576 million.
The Communities Secretary announced on 19 May 2021 confirmation of funding for all 57 places that previously received provisional offers in December 2020. In total, 72 places will share over £830 million from the Future High Streets Fund to deliver projects, which will support their towns and high streets to reopen and recover from the effects of the pandemic.
£107 million of the Future High Streets Fund is allocated to the Department for Digital, Culture, Media & Sport to support the regeneration of heritage high streets. Remaining funding has been used to support local capacity, the High Streets Task Force and other related priorities including the development of a new parking code, and support for Business Improvement Districts.
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Updates to this page
Published 26 August 2019Last updated 2 December 2021 + show all updates
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Added Towns Fund monitoring and evaluation strategy.
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First published.