Stockport is one of 51 UK towns to be shortlisted to present a business case for a share of the £675m Future High Streets Fund.
There were more than 300 bids to the Future High Street Fund, which was open to all 326 councils with planning powers – so at least 249 councils (83%) were rejected.
The successful areas will now each receive up to £150,000 of funding to work up detailed project proposals to regenerate and transform their town centres. Some of them will eventually receive multi-million pound funding to complete their projects.
The Ministry of Housing, Communities & Local Government said it will work closely with them, focusing on places that have “shovel ready” projects where there might be opportunities to accelerate these.
The £675m Future High Streets fund was announced by the Government last December to enable councils to revitalise ailing high streets and make them “fit for the future”.
Stockport Council now has until spring 2020 to submit their final business cases.