BOLSOVER town is set to benefit from a £100,000 investment that could be more than doubled if another funding bid is successful.
Bolsover District Council has received the grant from the High Street Innovation Fund and will use the money as match funding to bid for another £120,000 from the European Regional Development Fund Priority Axis 2.
The project will be led by a Town Team including representatives from the district and town councils, and businesses and landlords to help address any new challenges and improve the town centre and local economy.
Bolsover District Council cabinet member for regeneration, Cllr Alan Tomlinson, said: “Bolsover Town is going through a period of change and we said we would work closer with the towns businesses to help them and that is exactly what we are going to do.
“We are one of only two authorities in Derbyshire to receive this grant and by using it as match funding we are hoping to double it and bring even more benefits to the town.
“Together with the local businesses, we have already identified a number of projects that will help existing businesses, upgrade retail space, improve the appearance of the town centre and increase the number of customers and visitors to the town.”
The fund will be managed by the Town Team to deliver a range of environmental and economic development measures and marketing initiatives to help improve the resilience of the town centre and help meet the challenges and need for new business and employment opportunities.
It is linked to the Portas Review of the High Streets which identifies how local authorities, businesses and communities can work together to promote the development of new models for prosperous and diverse high streets rather than focusing on out of town shopping centres or supermarkets.
The funding will support businesses and retail premises in the town and will include a range of measures including retail doctor seminars, signage, marketing and events to stimulate new footfall into the town centre.
Restoration of historical features, renovation of frontages, planting and seating enhancements will also be addressed. The outcome of the funding bid to ERDF PA2 is expected to be received later this year.