Conservative Deputy Leader Cllr Lewis Barber welcomed the inclusion of Colchester in the Government’s list of 100 towns to develop innovative regeneration plans through the £3.6 billion Towns Fund.
"Colchester is eligible for support because of its proud industrial and engineering heritage. But in recent decades the Borough has not benefitted from economic growth commensurate with its massive development of housing.
We are indebted to our three local Conservative MPs for supporting Colchester for inclusion in the Town Deals, as part of the government’s commitment to boost productivity, skills and living standards.
Communities and businesses will now join forces to draw up ambitious plans to transform the town’s economic growth prospects with a focus on improved transport, broadband connectivity, skills and culture".
Cllr Barbara Wood, Conservative spokesperson on Business and Resources, said: "The Town Deal will ensure that prosperity and opportunities are available to everyone in this Borough, raising living standards and ensuring that all residents can thrive with transformative investment in transport, technology, skills and culture.
The government will shortly be publishing its prospectus to guide towns through the process and set eligibility criteria for funding. Colchester Borough Council Conservative Group will be at the forefront of this venture to ensure that the Council's bid priorities are those of the businesses amd residents of the entire Borough, both urban and rural."
Conservatives pledge that communities throughout Colchester will have a say on how the money is spent.