What’s the town deal? Business edition

Drawing on the experience of Business in the Community’s BITC’s Place programme, this factsheet – What’s the Town Deal? – business edition provides guidance to businesses on how to engage with Town Deals. It shares an introductory overview of Town Deals and provides practical guidance on how and where a business should seek involvement, the factors that should be driving this, and the requirements of the business.

This document sits alongside a separate guide for Lead Councils on how to bring together an effective Town Deal Board.

What is a Town Deal?

In 2019, the Government launched a £3.6bn Towns Fund, whereby 101 towns have been given the opportunity to work towards a Town Deal, of the order of £25m per town. A key component of the Government’s ‘leveling-up’ agenda, the initiative aims to boost economic growth and regeneration in towns that have not typically benefitted from the growth seen in cities. This has resulted in these towns being “left behind”.

Find out more

The Government’sTowns Fund Prospectus sets out broader practical advice andThe Towns Fund Guidance provides additional information on developing an investment plan and scope for funding.

Our work with the wider community

Business in the Community (BITC) is the oldest and largest business-led membership organisation dedicated to responsible business. We have a long history of working with business and the wider community to build thriving places for people to live and work.

The BITC place leadership team

BITC’s Place Leadership Team brings together business, civic leadership, and the third sector to make a long-term, transformative impact on communities. We bring business skills to bear on challenges and opportunities within neighbourhoods, working with community concerns and aspirations. In our pilot places, we facilitate and contribute to a deliverable vision which lifts ambition and develops confidence in that vision by working with partners to deliver it.