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Pro-Vice Chancellor Joins Board to Boost Loughborough's Economy

Posted by Richard Ward in

Image courtesy of Flickr, Creative Commons

The Pro-Vice Chancellor of Enterprise at Loughborough University will form part of a group that aims to transform Loughborough's economic growth by securing up to £25 million of government funding.

The Loughborough Town Deal Board will manage the development of a town investment plan and submission of bids to the Government's Town Deal initiative.

The initiative aims to regenerate town centres, improve infrastructure and boost business with a funding pot of £3.6 billion.

The Board will develop a Town Investment Plan to form a vision for building on the town's strengths, to transform its economic growth prospects.

Councillor Jonathan Morgan, said: "The Town Deal is a huge opportunity to bring a significant amount of investment to Loughborough and I am delighted the Board has met for the first time."

"There is a tremendous amount of positivity and enthusiasm about the potential of the Town Deal fund and I look forward to seeing ideas develop. The Board members all agreed that collaboration and involving all sectors of the community will be a critical component of success."

"The first meeting was very much about making sure we have the right structures in place so we can move forward at pace and secure the best Town Deal for Loughborough."