Telford & Wrekin Council is deliberating on a substantial investment programme totalling £420 million over the coming four years, targeting sustainable capital growth and community enrichment. This financial strategy, poised for discussion at the council’s cabinet meeting this Thursday, earmarks significant funds across a variety of sectors, aiming to enhance the borough’s infrastructure, housing, and environmental sustainability.

At the heart of the investment plan is a £100 million allocation to the NuPlace housing scheme, which began work on the New College site last month. NuPlace is set to provide quality rental homes, primarily at market rates, revitalising brownfield sites and contributing to the borough’s regeneration. Additionally, the council plans to inject £9.7 million into affordable and specialist housing, alongside £10.8 million towards various housing initiatives aimed at addressing issues like affordable warmth, property vacancies, homelessness, and temporary accommodation needs.

Beyond housing, the council has outlined a comprehensive strategy to foster economic growth and community development. This includes setting aside £20 million for a new capital investment fund dedicated to key community priorities over the next four years. Infrastructure improvements are also on the agenda, with more than £31 million designated for transport and highways and over £40 million earmarked for educational enhancements, including school expansion projects to accommodate more pupils.

A new £8.7 million swimming pool is among the notable allocations, highlighting the council’s commitment to improving local recreational facilities. Furthermore, the strategy allocates substantial funds to the Towns Fund and Levelling-Up initiatives, with over £35 million and £37 million respectively, aimed at revitalising and regenerating local communities.

Environmental sustainability forms a critical component of the council’s financial strategy, with £1.17 million allocated for environmental improvements and an additional £2.19 million dedicated to climate change initiatives. These efforts underscore the council’s ambition to reduce its carbon footprint and collaborate on broader climate change projects.

The cabinet’s review of the medium-term financial strategy marks a significant step towards realising Telford & Wrekin’s vision for a more prosperous, sustainable, and inclusive future, leveraging strategic investments to deliver tangible benefits for residents and the wider community.