How the funding works

In March 2024, the former government announced a further tranche of Long Term Plan for Town (LTPFT) funding. Carlton was selected as part of this tranche to receive £20 million of endowment style funding over a 10-year period. In March 2025, the new government confirmed that a new Plan for Neighbourhoods would replace the LTPFT and that there would be a £1.5 billion programme to invest in 75 areas over the next decade – a long-term strategy to fix the foundations of those places most left behind. 

The Council as the accountable body subsequently established a Town Board and appoint Sir John Peace to the interim role of independent Chair. In full consultation with the local community, the Board developed a draft 10-year vision for Carlton including a 3-year investment plan outlining how funds are to be allocated. This draft plan includes interventions to address the needs and priorities of Carlton and refer to the themes of the former guidance. The Board also resolved to enlarge the boundary to include Mapperley at its norther point and Netherfield Lagoons at the southern extent.

A map of Greater Carlton

The work of the Board was paused in December 2024, awaiting the publication of a new prospectus and technical guidance by the Labour Government.

The programme has now been reformed with a renewed emphasis on neighbourhoods, supported by a new prospectus published on 7th March 2025. It is part of the government’s plan to ensure that nowhere is left behind. It is intended to revitalise local areas and fight deprivation at root cause by targeting three priorities: thriving places, stronger communities, and taking back control. The three priorities will identify a range of measures under the themes of:

  • Regeneration, high streets and heritage
  • Housing
  • Work, productivity and skills
  • Cohesion
  • Health and wellbeing
  • Transport
  • Safety and security
  • Education and opportunity

For revenue capacity, £250,000 was provided over the 2023 to 2024 and 2024 to 2025 financial years. An additional £200,000 of capacity funding is expected to be released at the start of the 2025 to 2026 financial year. Delivery funding will be released from the beginning of the 2026 to 2027 financial year.

Additional Information

Plan for Neighbourhoods: prospectus https://www.gov.uk/government/publications/plan-for-neighbourhoods-prospectus-and-tools/plan-for-neighbourhoods-prospectus#fund-summary

Plan for Neighbourhood technical guidance – Plan for Neighbourhoods: governance and boundary guidance - GOV.UK

Carlton Town Board TOR. NB this will be updated by the Board to comply to with the Plan for Neighbourhoods prospectus and technical requirements and published in due course.