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The council has commented on the news from the Ministry of Housing, Communities and Local Government that 100 places will benefit from the £3.6 billion Towns Fund.
Cllr Bob Bayford, Leader of Thanet District Council said: “This is a very positive announcement from the Ministry of Housing, Communities and Local Government. We welcome the news that Margate has been selected as one of 100 towns in England that will be supported to develop one of these new Town Deals. This funding has the potential to help improve broadband connectivity, infrastructure, create vital social and cultural places that bring people together, as well as boost jobs and economic growth.
“With up to £25 million of investment potentially available, this funding could totally transform Margate, delivering some tangible long-term benefits to the town. greatly improving the prospects of the local people. We see this as a fantastic opportunity to further revitalise the town and look forward to working with the local community who will have a say in how we achieve that. We look forward to hearing more about the scheme and working with public sector, business and community stakeholders to work up our proposals.”
“We were pleased to see four organisations coming forward with Community Asset Transfer bids to secure the future of the Newgate Gap Shelter in Margate.
The Look-Out building located on Broadstairs’ harbour arm will be transferred to a local community group as part of Thanet District Council’s asset disposal programme.