The Ministry of Housing, Communities and Local Government (MHCLG) is making the investment to target high streets with boarded up shop fronts and lacking essentials.

This forms the first part of the government’s High Streets Strategy with more steps to follow this week.

These will include introducing a new community right to buy, allowing locals greater power to save community assets, and banning the loss of the last pubs to close in a given area.

•   The Finance Professional Show 2025: The Video
•   MHCLG targets neglected high streets with 'Pride in Place' push
•   3,000 planners needed to boost housing growth says BPF

“Our high streets are the beating heart of Britain — where communities come together and local businesses can grow,” said communities secretary, Steve Reed.

“Town centres have suffered from high streets falling into decline, and that is why we’re taking action to turn the tide with this crucial investment and more to come.

“We have listened to what people are telling us and that’s why we’re giving them the power and control to breathe new life back into our high streets and restore the sense of pride communities feel, building on our transformational Pride in Place programme.”