Council defends £100m borrowing for £1bn regeneration project


The leader of Bolton Council has defended plans to borrow £100m to fund a £1bn regeneration project.

The project aims to transform Bolton’s town centre and will include new housing, and office and retail space.


Bolton MBC estimates that the scheme will create 1,800 new homes, 7,400 new jobs and generate more than £400m.

Council leader Cliff Morris said: ‘Yes, our plan is ambitious, yes it is bold, and yes it is aspirational.

'We make no apologies for any of this.

‘Our £1bn plan for the town centre will facilitate the redevelopment and growth of our town, and will help to make Bolton a more desirable town to live and work in.’

Work is due to begin in spring next year.

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