Erewash Borough Council is planning to invest up to £4.5 million in projects across the borough through a new Investment Fund.
Financial papers linked to this year’s council budget show the authority intends to increase the Erewash Investment Fund (EIF) by up to £4.5 million, with the money expected to be spent over the next two years.
The fund is designed to support projects aimed at improving communities and local environments across the borough.
According to council documents, the investment could be used for initiatives such as:
- town centre improvements
- parks and public spaces
- transport or parking schemes
- community-focused projects.
The proposals form part of the council’s wider financial plans for the coming year, which councillors will consider as part of the budget process.
While the total amount available could reach £4.5 million, the specific projects to receive funding have not yet been confirmed.
Further decisions on how the money will be allocated are expected to be made by councillors once the fund is formally approved.
One Comment
We will have to see not building up any hopes