The Government launched a £3.6 billion Towns Fund and invited around 100 places in England to develop proposals for their own Town Deals.
This original initiative included towns with industrial heritage and that have not benefited from economic growth in the same way as more prosperous areas. Redcar is one of these towns. The Council therefore agreed proposals for investment of up to £25 million with the Government.
This funding is helping to increase economic growth, with a focus on regeneration, tourism and leisure, culture, skills and connectivity. The funding was received as part of the Town Deal and is being invested in the Redcar area shown on the diagram provided, with a key focus on Redcar town centre and the esplanade.
