Government and Historic England announce heritage fund to adapt high street

Posted on: May 28th, 2019

The Department for Digital, Culture, Media and Sport and Historic England have announced a new £62m fund to bring disused or under used high street buildings back into use as offices, housing and creative spaces.

This initiative is part of the government’s plan for high streets announced in last year’s budget, alongside the Future High Streets Fund and business rates discounts for small high street retailers. The aim is to aid the government’s work to aid high streets in adapting to consumer habits as more people shop online.

The funding includes contributions from the Government, Historic England, the National Lottery Heritage Fund and the Architectural Heritage Fund and dozens of locations will benefit from the investment.

It is hoped the investment will breathe new life into historic high streets which lie at the heart of communities but are coming under increasing pressure with consumers preferring to shop online.

Applications for a grant of between £250,000 and £2 million can be made by not-for-profit organisations and partnerships led by not-for-profit organisations to set up a four year partnership to deliver physical improvements and cultural and community activities to regenerate historic high streets or town centres.

Details on how to apply can be found on Historic England’s website. Click below to find out more about the Heritage Action Zones and the deadlines for expressions of interests.

For more information, please contact Laura Bacon in the Commercial Property team.