Cheadle Towns Fund

1. About the fund

In November 2019, the government formally launched a £3.6bn Towns Fund as part of a wider strategy to rebalance the national economy. Cheadle Town has been invited to bid for up to £25m. This amount is subject to government approval.

The objectives of the fund are to invest in:

  • economic growth
  • regeneration
  • improved transport
  • digital connectivity
  • skills and enterprise

Proposals must make a difference to the area and meet the fund's criteria.

Each town must set up a board and develop a Town Investment Plan. The plan will set out priorities for potential investment according to local needs and what the Fund can support. The plan will be published in the summer of 2020.

The plan will form the basis for a funding case to the Ministry of Housing Communities and Local Government (MHCLG).

Further national guidance on the Towns Fund is due to be published in March 2020 which will clarify the process further.

What’s happened so far?

Local people, organisations and businesses have all been engaged to help develop ideas for the Cheadle Investment Plan. Studies have been commissioned to support the development of proposals and to pull these into a coherent plan.

For more information about the boundary for the Cheadle Town Fund area view our boundary map (PDF 2.5Mb).

Towns Fund Board

The Cheadle Towns Fund Interim Board first met on the 31 January 2020 and currently meets monthly.

Terms of reference

The Board formally approved the terms of reference at a meeting on the 23 October 2020.

Read the terms of reference (PDF 344Kb).

Minutes

Public survey

A public survey was carried out in July, by the Cheadle Village Partnership, on behalf of the Cheadle Towns Fund Board. The survey objectives were to assess people’s views on the economic future of Cheadle and Identify areas for improvement that could be included in a Town Investment Plan. This plan will form part of an application of up to £25m to the UK Government’s Town Fund.

The survey received a really strong response of around 1,200. This provides a good evidence base for developing the Investment Plan. The views of those who took part in the research is summarized in the Cheadle Towns Fund Report 25 August 2020.


Find more information about the Towns Fund prospectus on GOV.UK.

Get involved and make a suggestion on the My Town website.