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Press Release

Levelling up logo

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7 February 2023

Council awarded funds to help support areas in most need

Fareham Borough Council has announced that it has been awarded £1 million from the Government’s Shared Prosperity Fund.

Following this successful application for funding, the Council has allocated £800,000 to deliver improved community facilities in two areas in Fareham that experience comparatively higher levels of deprivation.

The most significant project in this plan is the creation of a community-led Masterplan for the Henry Cort Drive Area in Fareham North West. This site could provide up to 55 much needed affordable homes alongside enhanced community buildings and sports provision.

Experts in community-led planning will be appointed and it is anticipated that engagement with local residents, partners and Ward Members will begin in the summer.

The second community focused project is the provision of greatly enhanced recreational and play facilities at Crossfell Walk in Fareham South.

In addition to community help, £200,000 has been committed to supporting local businesses and the economy within the Borough. Funding has been allocated for physical improvements to district and local centres and support will be given to businesses to take steps to reduce their carbon footprint and support green economic growth.

Cllr Seán Woodward, Leader of Fareham Borough Council, said:

“I know that the regeneration of the town centre is a key issue for many of our residents and businesses. Funding for specialist advice and evidence will help ensure that our Town Centre Masterplan will provide an effective framework for regeneration. I am delighted to say that work on this project is already underway. I hope you will agree that these projects show the Council’s commitment to the residents and businesses of our Borough.”

ENDS

Notes to Editor:

The UK Shared Prosperity Fund is a central pillar of the UK government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills. For more information, visit https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus.