A ten-year investment plan which sets out the ambitions for the future of Lowestoft has been submitted to Government.
The Lowestoft Place Board, which comprises representatives from public, private and voluntary organisations including New Anglia LEP, has developed a Town Investment Plan that sets out the ambitious plans for the future of Lowestoft.
In September 2019, Lowestoft was chosen as one of 101 towns in the UK to benefit from the Government’s £3.6bn Towns Fund. Each town was invited by the Ministry for Housing, Communities and Local Government to develop a proposal for a Towns Deal, with up £25m available to bid for.
The Town Investment Plan, which sets out Lowestoft’s ambitions, opportunities and challenges, forms the basis of a £24.9m application to the Towns Fund, which will act as a catalyst for future investment.
Projects included in the Investment Plan are focused on housing, employment, skills, infrastructure, retail, leisure, culture and heritage. The Plan will also support the town’s wider long-term recovery from Covid-19.
The Investment Plan can be viewed at www.eastsuffolk.gov.uk/lowestoft-investment-plan
The Town Investment Plan was submitted to the Ministry for Housing, Communities, and Local Government on 30 October and with the Place Board expecting a response early in the new year.