Southampton Council plans £32m regeneration fund

Southampton City Council is proposing an £8 million annual investment in a revolving regeneration fund (RRF) aimed at transformative projects to boost economic growth and quality of life through 2028/29. The fund is designed to attract external investment and increase council tax and business rates while kickstarting a renaissance masterplan. Meanwhile, Fareham Borough Council is pushing forward with its town centre regeneration plans, which include improving connectivity and public spaces, despite concerns about the financial burden on residents and potential local government reorganization. The project, costing over £1 million, aims to reverse the decline of the town centre through various initiatives, including pedestrianization and revitalizing commercial areas. Both councils recognize the importance of effective communication with residents regarding these developments and their potential impacts. The success of these regeneration efforts will depend on securing funding and community support, particularly in economically challenging times.