A new opportunity to regenerate the city of Truro and transform its local economy has taken a step forward with the creation of the Truro Town Deal board.
Last year Truro was one of 101 places invited by the Government to bid for up to £25 million from its £3.6 billion Town Fund initiative. The aim of the national fund is help regenerate town centres and create new jobs and boost businesses, as well as improving transport, broadband connectivity and skills and culture. Each place has been asked to draw up an investment plan setting out its ambitions for using the funding.
The Truro Investment Plan will cover the city centre and extend out along the A390 encompassing Threemilestone, and Langarth as well as Higher Newham.
Representatives from key community groups, businesses and local councils and organisations have now joined together to set up the Truro Town Deal Board which will lead the development of the multimillion-pound Town Investment Plan and engage with local residents to ensure the benefits of the Fund reach everyone.
Carole Theobald, CEO of iSightCornwall, has been appointed as chair of the new board. With considerable experience in delivering major projects and a track record of public facing leadership, she is looking forward to her new role.
“This is a very exciting time for Truro” she said. “There are already a number of key projects being developed across the city which are aimed at boosting jobs and regenerating our local economy, delivering sustainable transport initiatives and creating new social and cultural places that will make Truro a more attractive place to live, work and visit”
“The amount of money Truro receives will be determined by the strength of the Town Investment Plan we put forward. All members of the board are passionate about creating a prosperous future for our city. We now want to work with businesses and the local community to develop a cohesive vision for Truro and ensure everyone has the chance to help create a blue print setting out an ambitious future for our city and their role in helping to achieve these plans.”