The Local Regeneration Fund

The priority projects planned to be delivered through £25m Local Regeneration Fund include:

• 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.
• 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.
• 20 Minute Cycle Town – working 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.