The Towns Fund is a new scheme established by the Government to help develop towns and cities.

Preston is one of 100 places eligible to bid for funding to improve the economy, develop the city and attract jobs and long term investment.

Its important communities and partners are engaged as part of this project to make sure our bid brings together voices and ideas from the whole community.

What is the Towns Fund?

The Towns Fund is a £3.6 billion fund established by the government to level up towns and cities around the country.

The government has invited towns and cities like Preston to develop proposals for a Town Deal in collaboration with their community.

The Towns Fund Prospectus contains more information about the scheme.

The Towns Fund Prospectus

Preston's Towns Fund

Preston is one of the places eligible to apply for this funding. Through the Towns Fund Board we are talking to the public, businesses and other organisations to identify:

  • Which projects will be delivered
  • What funding is required
  • How these projects will fit into the long term City Investment Plan

We need to bring together firm proposals developed in co-ordination with local communities, partners and other stakeholders that will bring a positive impact to the city.

As part of the scheme we are eligible to bid for up to £25 million in funding that will help deliver a huge economic social and cultural benefit to the city.

Meet the Board

The City of Preston Town Deal Board is made up of community representatives, local businesses and other organisations with an interest in the future development of Preston.

The Board will meet quarterly or as required to discuss funding initiatives and ideas to be included in the final bid.

Meet our Board

How to get involved

Community engagement is key to this project and the growth of the city and we want to hear from you.

You can submit your views and ideas via the Towns Fund online portal.

The Towns Fund online portal

Keep an eye on our social media accounts for #TownsFund so more people can share their ideas.