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. Cheadle’s plan was submitted in October 2020.

The plan forms the basis for a town deal with the Ministry of Housing Communities and Local Government (MHCLG). On 3 March the Cheadle Board was offered up to £13.9m towards 3 of its proposed projects:

  • new rail station
  • package of cycleways and walkways
  • innovative Eco Business Park

Proposals to rejuvenate the High Street for small businesses was not supported. You can find out more in our news release.

What happens next?

During 2020, the Cheadle Towns Fund Board (CTFB) held an extensive consultation where the public and businesses were asked about the issues facing Cheadle and how the area could best be improved. This showed strong support for sustainable travel, better connectivity and measures to tackle congestion.

76% of respondents suggested that accessibility to the wider rail network should be a priority, and specifically, that a new railway station should be provided. Traffic movement/management, new or improved retail space and improved cycle ways and facilities were also in the top 4 areas for improvement.

The council, on behalf of Cheadle Towns Fund Board, would like to hear your views on the new railway station and the walking and cycling proposals and is currently holding a consultation.

Have your say

The Town Fund area

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

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 174Kb).

Read the minutes from the Board meetings.

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

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