High streets which progress to the second phase will receive £150,000 to support the development of proposals which can then be submitted for capital funding.
The Conservatives are supporting local shops and traders with the creation of a High Streets Task Force, which supports local leaders in delivering ambitious plans. Small retailers have seen their bills cut by a third thanks to the business rates retail discount, worth an estimated £1 billion.
Conservative parliamentary candidate for Greenwich and Woolwich, Thomas Turrell, welcomed the news saying “Local shops and traders can make a community: from funding Christmas lights to organising clean up days I’ve seen the good our local shops do from my own involvement with the Royal Standard Traders Association. I’m really pleased to see the Conservative government supporting local high streets such as Woolwich”.