Town Centre Partnerships in Louth and Mablethorpe will continue to be funded by East Lindsey District Council for the next three years to to allow them to carry on their ‘vital work’ and support their aim to achieve self sustainability.
The initiative was set up by East Lindsey District Council in 2009 when town centre managers were appointed for each town with a view to promoting the economic well-being and vitality of the towns by co-ordinating projects, events and promotions and supporting regeneration.
It was agreed to fund the project for a maximum of four years.
In January 2013 a Town Manager Working Group identified that the Town Partnerships in Louth and Mablethorpe were all succeeding in bringing together local businesses and encouraging a greater involvement in town centre regeneration.
As a result there is now a legacy of new and interesting events in each of the three towns. But, it was also identified that there is still more work to do to achieve the aim of independent sustainability to ensure the Partnerships can continue once council funding ceases.
The council’s portfolio holder for economic regeneration, coun Craig Leyland, said: “The Town Centre Partnership initiative has done some good work in bringing the towns together to present a united force in the face of the current economic climate, but clearly, with council funding yet again reducing, we cannot continue to fund the Partnerships as we have done in the past.
“They must work towards the original aim to become self-sustainable, independent of the council. We have therefore agreed an extended period of funding with each Partnership to enable them to continue working towards this goal.”
“Following the Working Group review it became clear that each of the three towns are at different stages of development so require an individual treatment rather than a blanket approach. Taking this into account funding for each Partnership differs but with the view to it achieving a degree of self-sustainability at the end of the funding period. We will continue to work with the town managers to achieve this.”
Funding for Mablethorpe Area Partnership will be a maximum of £102,500 to March 2016, subject to annual review. (£27,500 for the remainder of the 2013-14 financial year, £40,000 for 2014-15 and £35,000 for 2015-16). The council’s current annual contribution to the Partnership is £70,739.
Funding for Louth Town Partnership will be a maximum of £90,000 to September 2015, subject to annual review. (£25,000 for the remainder of the 2013-14 financial year, £45,000 for 2014-15 and £20,000 for 2015-16). The council’s current annual contribution to the Partnership is £63,364.