Title

ECONOMIC GROWTH

Significant funding is critical to delivering Yarmouth's plans for transformative change

Great Yarmouth secured a provisional offer of £13.7m investment from the Future High Streets Fund towards its vision to transform and revive the town centre, says Sheila Oxtoby. A Town Deal bid has also been submitted.

Boxing Day was quite eventful from a local government perspective. Christmas ended, much of England moved up a tier as a precursor to the current national lockdown, and the Government announced 72 areas being supported through its £830m Future High Streets Fund.

In Great Yarmouth we were pleased to secure a provisional offer of £13.7m investment from that fund towards our vision to transform and revive the town centre as a vibrant economic, cultural and community hub. Having been told that for a town of our size we should expect between £5m and £10m, this was a great outcome. We were delighted to secure an offer of nearly 70% of the money we asked for from this national pot.

Working with partners, we deliberately made our vision scalable for different outcomes and have already gone out to tender for redevelopment of the Market Place – a central part of our plans which seek to make our town centre sustainable into the future with a wider range of uses.

Reflecting on the process, there was little engagement from a national level to understand ‘our place', the challenges we face and opportunities we're seeking to maximise. This is in contrast to the approach now being taken for the Town Deals. It feels like a more engaging and supportive process, allowing for a level of dialogue which provides a better understanding of the town and our ambitions. Having submitted our Town Deal bid in December, we are looking forward to further engagement during February, when hopefully we will be moving towards agreeing heads of terms for our Town Investment Plan.

Significant Government funding is critical to delivering such transformative change for our place, and it is needed more than ever, as we look ahead to continuing to invest in regeneration and recovery throughout 2021.

The excitement is tempered by the national emergency in the here and now. At the same time, the way many individuals and organisations have selflessly given up their time, and the way councils and other public sector colleagues have adapted to new roles and ways of working, can only be positive and puts us in a stronger position to face ongoing challenges.

Sheila Oxtoby is chief executive officer of Great Yarmouth BC

@SheilaOxtoby

ECONOMIC GROWTH

Beyond the safety net: Embedding prevention at the core of social care reform

By Tom Stannard | 20 March 2026

If we are serious about building sustainable public services and improving outcomes for our communities, early intervention cannot remain a long-term ambitio...

ECONOMIC GROWTH

Company clusters: the key to success

By Vasant Chari | 20 March 2026

Backing high-growth potential businesses in the Black Country and elsewhere is vital for boosting regional economies, says Vasant Chari.

ECONOMIC GROWTH

Policing reform: Opportunities and challenges

By John Czul | 20 March 2026

Jon Czul says scrapping Police and Crime Commissioners will not, in itself, improve public safety, but that if the transition is handled carefully it could c...

ECONOMIC GROWTH

The process for fiscal devolution is clear and the deadline is real

By Mike Emmerich | 20 March 2026

Mike Emmerich says that while much remains unresolved, the Chancellor’s proposition to give local leaders a direct fiscal stake in growth was a shift from rh...

Sheila Oxtoby

Popular articles by Sheila Oxtoby