ECONOMIC GROWTH

Why we need to start talking about town centre regeneration

Strong local leadership is needed to ensure that the transformation required to create vibrant town centres is one which benefits the wider community, says Tim Reade of CIPFA.

Asset managers in local government across our towns, counties, and districts in the UK are grappling with rapidly changing local circumstances amongst an uncertain and shifting national economic landscape. Funding from central government has declined, and local authorities are having to find clever ways to generate new revenue streams from their assets.

During this time there is a need for local authorities to take a leadership role in reshaping and supporting local economies, particularly as business rates become an important part of local government funding. For our towns which have struggled and been left behind, it is important for each to find a way to forge their own futures through the current state of national uncertainty.

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