Initiatives to regenerate a town centre include a £400,000 grant to improve the appearance of properties and a study to identify the need for hotels in the area, it can be revealed.
Cabinet members at Mid Suffolk District Council will meet next week to discuss the raft of measures to support Stowmarket town centre.
The new proposals include £400,000 to be put towards supporting high-visibility frontage works.
Funding has also been earmarked to improve connectivity to the town, while £50,000 will be available to support smaller projects.
The proposals, which could total up to £556,000, would also see a study carried out to identify the extent of demand for overnight accommodation in the town.
Council leader councillor Andy Mellen said: “Stowmarket town centre has many strengths. Like most towns it has not been immune from pressures such as online shopping, the pandemic, increased costs, and the impact of the cost-of-living crisis, but we firmly believe it can have a bright future.
“Supported by our partners, including Stowmarket Town Council, we are looking at proactive action to support a revitalised town centre that is fit for the future and embraces a more sustainable mixed offer of retail, culture, leisure, residential and community uses.”
The investment follows the £1.5million which was committed to enhancing the mid Suffolk town centre in July. This funding will be used to bring under-utilised properties, such as empty shops, back into use.
Mid Suffolk’s cabinet member for thriving communities, councillor Teresa Davis said: “Stowmarket already has much to be proud of – the likes of the John Peel Centre for Creative Arts, the Food Museum, The Mix, The Regal and terrific independent businesses.
“But we know the high street is changing and the competition for people’s time and attention is fiercer than ever, so we must ensure we give people lots of different reasons to visit the town centre and spend more time there.
"To create a great experience, and encourage a diverse mix of attractions in a welcoming environment."
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