On 6 September the government announced an initial 100 places that will be invited to develop proposals for Town Deals and we will work with local people from these communities to agree investment of up to £25 million in each place.
Places have been chosen on the basis of a robust selection methodology. This took into account various qualitative and quantitative indicators. These include, income deprivation, skills, productivity, EU exit response, economic shocks, investment opportunities and policy alignment. The government will publish further details on how the fund will operate in due course.