Media: Street Fund

media: Towns and cities entered bids after the scheme was announced in May, with the Midlands winning the largest share of 21.1m, according to The Guardian. The government's future high street fund is providing 52m, the Department for Digital, Culture, Media and Sport DCMS 40m and the National Lottery Heritage Fund 3m. The funding is intended to breathe new life into struggling high streets across the country bytransforming abandoned buildings into shops, houses and community centres. The announcement comes after it was revealed this week that 16 storeshad shut down every day in the first half of 2019, a retail crisis fuelled by an increasing shift to online shopping that has already cost tens of thousands of jobs. The Ministry for Housing, Communities and Local Government MHCLG has since promised an additional 325m to bring the size of the fund to 1bn. Last year the then chancellor, Philip Hammond, announced a 675m fund intend to halting high street decline that has left one in 10 shops in UK town centres lying empty. (news.financializer.com). As reported in the news.