In August of this year, we blogged about â€˜Town Team pilotsâ€™ being rolled-out in the wake of Mary Portas’ High Street Review and the value of such entrepreneurial approaches to town centre rejuvenation. You can read the blog post here.
Following on from this, it has recently been announced that Manchester Council is to inject more than Â£300,000 to breathe new life into Greater Manchesterâ€™s high streets â€“ specifically, Levenshulme and Cheetham Hill precincts, after they both missed out on cash from the Government’s Portas Pilot programme.
Both of the aforementioned areas did receive Â£10,000 consolation funding from the Government after bids for greater funding failed earlier this year. However, Manchester Councilâ€™s decision to provide far greater funding to promote these areas, drive shopper footfall and help bring fledgling local businesses on to the high street is significant and likely to achieve long-term results.
A council spokesperson has already talked-up the benefits of tackling aesthetically displeasing unfilled premises in the funded areas, however, here at The House Crowd, we believe the true value of the newly announced funding will be to attract further private development, transport investment and leisure facilities â€“ all of which are central to increasing property value and key ingredients for building self-sustaining inner-city communities.
The House Crowd is a brand new concept in property investment which allows people to invest small amounts via crowdfunding (for more information on the process, visit http://thehousecrowd.com/thehousecrowd/how-it-works/). We are committed to breathing life into empty, rundown properties whilst giving investors great returns on their investments (for more information about us, visit http://thehousecrowd.com/thehousecrowd/about/our-manifesto/). If youâ€™ve read enough and want to invest now, visit http://thehousecrowd.com/thehousecrowd/invest-in-property/).