The Town Investment Plan (TIP), which could see Redditch Borough receive up to £25m worth of investment, has now been approved and submitted to the Government for consideration.
 
The Government will now review the plan which asks for £25m to invest in a number of strategic proposals that will help unlock the potential of the town.
 
Following the submission there will be a period of negotiation before a formal announcement is made about how much funding Redditch will receive.
 
The plan has been overseen by the Town Deal Board, which includes local community, businesses, and other partners has involved public consultation on the things that are important to residents and businesses in the area.
 
The final plan focuses on five key areas for improvement and/or intervention:
1.    Redevelopment of the Railway to provide a new transport interchange and railway quarter
2.    Delivery of a new Digital Manufacturing and Intervention Centre
3.    Redevelopment of the current Library site
4.    Delivery of new Electric Vehicle charging points and sustainable energy initiatives
5.    New Town Centre Public Realm
Once the negotiations take place and funding is agreed, the council will then be required to produce a full business case for each of the improvements proposed.
 
Cllr Matt Dormer, Leader of Redditch Borough Council, said: “This is a huge step forward for our aspirations to unlock the potential of our town. A lot of hard work has been done by the officers involved and the Town Deal Board to ensure that our plans can become a reality. They have worked closely with businesses, residents, and the local community to ensure that these plans reflect what is important for the Town. We will be waiting with bated breath over the coming weeks whilst the Government make their decision and I truly hope that Redditch gets the essential funding that we deserve, to forge our path to the future.”
 
The final documents and further details about each element of the plan are available to view at www.redditchtowndeal.co.uk.
 
The Redditch TIP was approved for submission in January at full council, as well as being considered by Executive and Overview and Scrutiny Committees.
 
For more details about the Town Deal Board, TIP, or progress of the plan, please contact Lyndsey.berry@nwedr.org.uk.