Glastonbury Town Deal - What to expect and when
An outline of the process being followed and key deadlines to secure the Glastonbury Town Deal funding
Set to bring £23.6m of investment, the Glastonbury Town Deal is a once-in-a-generation opportunity that aims to provide a necessary 'levelling up' opportunity for the town.
Covering the 12 projects outlined in the Glastonbury Town Investment Plan, the funding will be focused on bringing existing assets back into community use and delivering the spaces and resources that are wanted and needed by the local community. The investment will put the foundations in place for Glastonbury to become a sustainable, prosperous, modern town and global tourist centre.
What has been achieved so far?
The Town Investment Plan was submitted to the government's Ministry for Housing, Communities and Local Government (now called the Department for Levelling Up, Housing and Communities) in January 2021. A letter of intent was received in June 2021, followed by a formal grant offer in November 2021 stating that Glastonbury would receive up to £23.6m from the government's Towns Fund scheme across the financial years 2021/22 to 2025/26.
Detailed Business Cases are now being developed for each of the projects, in line with HM Treasury's Green Book and Supplementary Guidance. This process must be carefully followed and viable business cases submitted in order to secure the funding.
What happens next?
The development of comprehensive Business Cases for the 12 projects will continue over the coming months, covering the strategic, economic, commercial, financial and management aspects of each project. These will include clear and measurable social, economic and environmental outcomes that will result in social and financial value for Glastonbury.
The Business Cases will be approved and submitted via the Town Deal Board to the government as soon as they are ready. All Business Cases must be submitted by the end of June 2022.
These will be reviewed by the Department for Levelling Up, Housing and Communities and funds will be released as and when the individual Business Cases have been approved. This means the funding may filter through on a project-by-project basis rather than being provided in one lump sum.
Upon receipt of the funding, work should begin fairly promptly as, in line with government requirements, all of the funding must be spent by the end of March 2026. As a result, the exciting plans outlined in the Town Investment Plan should be realised for Glastonbury within five years, regenerating and invigorating the town, bringing new facilities and fresh opportunities for the local community.
Who is responsible?
Mendip District Council is leading the process with the Town Deal Board and working in partnership with the project teams to deliver the Business Cases together.
The Glastonbury community is very much at the heart of all the projects, so a series of open day events will be held to gather feedback and suggestions from local residents and businesses as part of the Business Case development process. The majority of these events will take place between February and April 2022, with details published on the Glastonbury Town Deal website and social media pages when dates are confirmed.
In the meantime, any local businesses and suppliers that are interested in working on the Town Deal projects should email their contact details and a summary of their services/skills to: firstname.lastname@example.org