Source · Select Committees · Public Accounts Committee
Recommendation 20
20
The £3.6 billion Towns Fund has three separate strands of funding comprising: • The 101...
Conclusion
The £3.6 billion Towns Fund has three separate strands of funding comprising: • The 101 selected towns invited to develop Town Deals and bid for up to £25 million each, or up to £50 million in exceptional circumstances; • A competition for funding for those towns not in the initial selection of 101 towns; and • The Future High Streets Fund, to be distributed to towns and high streets across England through a competitive process.45 38 Q 34 39 Q 63 40 Q 63 41 Qq 76, 92 42 Q 92 43 Qq 79–80 44 Qq 80–81 45 C&AG’s Report, para 1.2 14 Selecting towns for the Towns Fund