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Funding Information

Accrington Town Centre Investment Plan (TCIP)

The Town Centre Investment Plan (TCIP) announced for Accrington Town Centre, that sets out potential possible investments of around £70m, is predicted to generate up to £9.6million for the local economy each year, entice up to 820,000 visitors annually and support hundreds of new jobs.

The TCIP, that was presented in a Full Council meeting on 13 January 2022, will guide decision making and be used as a springboard to secure future funding and investment.

The document sets out an evidence base of Accrington’s challenges and opportunities. It details a variety of projects and initiatives that will improve environmental quality in the town, encouraging sustainable growth for the local economy over the next 10-15 years, if implemented.

Investment and funding secured so far

  • Hyndburn’s Levelling Up Fund: £23 million (including HBC and LCC match funding)
  • Hyndburn Borough Council have created a £2million contingency reserve to support Levelling Up.
  • Lancashire County Council’s £50 million Levelling Up Fund (Hyndburn indicative allocation): £15 million
  • UK Shared Prosperity Fund: £3 million
  • Levelling Up ‘Long-term plan for towns’ £20 million
  • National Lottery Heritage Fund: £463k Development Phase funding

Documents and reports

Town Square Transformational Projects Update 24/25 (January 2024)
Alumni event programme (January 2024)
Borough-wide mail drop (September 2023)
Market Trader FAQ (May 2023)
Casual Market Trader Update (May 2023)
Hyndburn’s Levelling Up Fund Bid Document (January 2023)
Historic Places Panel Visit, July 2022, Full Report (October 2022)
UK Shared Prosperity Fund Bid Summary Document (September 2022)
Levelling Up Fund Bid Summary Document (August 2022)
Informal online consultation full results report (March 2022)
Informal online consultation results summary (March 2022)
Proposed Accrington Town Centre Investment Plan (summary document) (Jan 2022)
Proposed Accrington Town Centre Investment Plan (Jan 2022)