Pandemic hasn’t left England, but Government has already started initiating measures to revamp the ailing high streets – and that should provide some relief to retailers.
The Government has said that it will be allocating £830 million from Future High Street Funds to help the struggling retailers across 72 pandemic-impacted areas in England.
The amount will be utilised to fund local projects that focus on enhancing country’s transport infrastructure as well as transforming underused space.
The fund will also be used in building new homes.
While 15 locations have received funding of £255 million so far, remaining 57 locations have got provisional funding offers up to £576 million.
Robert Jenrick, Communities Secretary, said on Saturday (26 December) that the fund of £830 million is one of the several ways Government is helping high streets come out of the crisis and thrive.
More on this, Chancellor Rishi Sunak, said that Government is helping the high streets by providing trading grants in addition to paying wages of workers and tax deferrals in these tough times.
Founded in late 2018, Future High Street Funds has been initiating efforts to create jobs across the country especially at times when the retail sector is still fighting an ongoing battle with the deadly pandemic.