Cherilyn Mackrory, Member of Parliament for Truro and Falmouth, has welcomed confirmation from the Government at the weekend that hundreds of local business partnerships across England will share £6.1m of funding to spend on projects that will help their local economies through the uncertainty of the coronavirus (COVID-19) pandemic.
High Streets Minister Simon Clarke MP confirmed that the money will be paid to local authorities and dispersed to Business Improvement Districts (BIDs). These are local business partnerships that bring developers and communities together to provide local leadership, drive regeneration and deliver projects and additional local services.
Cherilyn said:
“We have excellent BIDs in Truro and Falmouth and I was pleased to work with them to make the sensible case for additional funding from the Government at this time.”
“I am delighted that my Ministerial colleagues have listened and know this funding will make a big and positive difference to our town centres. I look forward to seeing the detail of the funding and for it deployed and put to work helping the business communities in our towns.”
High Streets Minister Simon Clarke MP said:
“The government has announced a comprehensive programme of support for businesses to help them deal with the economic impact caused by the COVID-19 pandemic and today we are extending that support to Business Improvement Districts.”
“BIDs are uniquely placed and have a proven track record of success in supporting local businesses, empowering communities, championing our town centres and driving forward the renewal of our high streets.”
“It’s only right that during these unprecedented times we give them all the necessary support they need to continue operating, so that they can carry on their vital work now and crucially when we move into the recovery phase from the current crisis.”