Sherwood will benefit from a £20 million investment as part of the Government’s Levelling Up Fund Round 3.
For years, Newark and Sherwood District Council has been working hard, developing exciting regeneration projects for Ollerton and Clipstone and this funding will help to make these a reality.
Councillor Paul Peacock, Leader of Newark and Sherwood District Council explains: “This announcement is long-overdue, but it is well deserved and needed, especially for Ollerton. Our regeneration team has been working hard at shaping ideas to where they currently are and without our ‘ready-to-deliver’ projects, the much-needed investment may not have been so forthcoming.
The District Council has two projects that it hopes can be funded by this investment. The first is the Ollerton Town Centre Hub, which is a joint venture between Newark and Sherwood District Council, Ollerton and Boughton Town Council, Nottinghamshire County Council, and the owners of the existing Forest Centre in the town. It will see a new public sector hub with services of the Town and District Councils complemented by a brand-new state-of-the-art library, boutique cinema, and new commercial units.
The second project could support a new sustainable industrial estate in Clipstone alongside some wider sports and education facilities.