The Local Regeneration Fund

The priority projects identified to Newark, to be delivered through £25m awarded through the Local Regeneration Fund are:

• IASTI (Newark)® – an International Air Space and Training Institute which will create new jobs locally and train the next generation of skills-matched aviation professionals with military and civil partners including pilots, engineers and ground staff
• Expanding the YMCA Newark and Sherwood Community and Activity Village by constructing a new state of the art home to sports and leisure facilities, music and art spaces, conferencing, a wellbeing and health delivery service suite, culinary training, the largest outdoor skate park in the East Midlands and an Olympic climbing centre
• Working with University partners to develop a Smart Innovation, Supply Chain and Logistics Enterprise zone to create a centre of excellence with regional and national significance and to provide access to skills development and career pathways
• The Castle Gate House project to enhance the experience of Newark’s foremost historical asset and transform the Castle into a major attraction for residents and visitors alike
• The redevelopment of 32 Stodman Street (the former Marks and Spencer’s) to create high quality Town Centre residential living and new commercial and office space, creating activity and footfall
• Newark Cultural Heart – plans to drive and measure additional footfall and local spend through the repurposing of public buildings and spaces, an ongoing calendar of events and activities, and developing a brand and tone of voice for the Town
  Aspirations to work with a range of partners to transform Newark into a ’20-minute town’, giving people the ability to meet most of their everyday needs within a 20-minute walk, cycle or local public transport trip from their home
• Southern Link Road is an identified strategic priority within the Core Strategy, Community Plan and Town Investment Plan. The SLR will support the development of projects identified within Newark’s Towns Deal, with it being one of ten identified projects as transformational for the town. The SLR project, would unlock employment land and relieve the area’s traffic woes by linking the A46 at Farndon and the A1 at Fernwood, providing smoother travel alongside the Newark bypass with an alternative route