Great news for my home town of Shrewsbury, £1bn is quite a lot for a town of 70,000. i'll try to find details of some of these projects and post them when I have time.
----------------------------------------------------------------------------------------------
http://www.shropshirestar.com/show_article.php?aID=38033
One billion pounds is to be pumped into Shrewsbury in the next 10 years as part of major plans to bring the historic town into the 21st century, it was revealed today.
But only about £40 million will be taxpayers' money, with hundreds of millions of pounds coming from private investments. The cash will pay for 40 major projects by 2015.
They include Shrewsbury Sports Village in Sundorne, the Frankwell theatre complex and Ditherington Flax Mill regeneration.
The combined cost of the projects is £777 million but council chiefs today confirmed that if all private housing developments were included the figure could easily top £1 billion.
Projects range from a £2 million luxury hotel in Frankwell to a £96 million reinstatement of the Newport to Shrewsbury canal.
Councillor Peter Nutting, leader of Shrewsbury and Atcham Borough Council, said: "This amount of money being invested in the Shrewsbury area is a really good plus for the town.
Projects, at varying stages of completion, also include the New Meadow stadium, new livestock market and a £12 million refurbishment of the Music Hall.
And plans for many of the projects are well on their way with five schemes including New Meadow, the Gay Meadow housing development and the St Julian's development, having gained planning permission.
----------------------------------------------------------------------------------------------
http://www.shropshirestar.com/show_article.php?aID=38033
One billion pounds is to be pumped into Shrewsbury in the next 10 years as part of major plans to bring the historic town into the 21st century, it was revealed today.
But only about £40 million will be taxpayers' money, with hundreds of millions of pounds coming from private investments. The cash will pay for 40 major projects by 2015.
They include Shrewsbury Sports Village in Sundorne, the Frankwell theatre complex and Ditherington Flax Mill regeneration.
The combined cost of the projects is £777 million but council chiefs today confirmed that if all private housing developments were included the figure could easily top £1 billion.
Projects range from a £2 million luxury hotel in Frankwell to a £96 million reinstatement of the Newport to Shrewsbury canal.
Councillor Peter Nutting, leader of Shrewsbury and Atcham Borough Council, said: "This amount of money being invested in the Shrewsbury area is a really good plus for the town.
Projects, at varying stages of completion, also include the New Meadow stadium, new livestock market and a £12 million refurbishment of the Music Hall.
And plans for many of the projects are well on their way with five schemes including New Meadow, the Gay Meadow housing development and the St Julian's development, having gained planning permission.