Truro has secured £23.6m from the Towns Fund, which the Government said would boost the local economy, support transport schemes and create jobs and new homes.
The Deal for Truro will see the waterfront redeveloped, a new 'winter garden' created, historic buildings transformed unto thriving businesses, accessible walking and cycling routes, and a new bridge to connect areas.
Prime minister Boris Johnson said the multi-million investment will transform Truro into the county’s modern economic, cultural and green capital by 2030.
Mr Johnson said: ‘We are determined to level up across the entire country, and the Deal we’re announcing for Truro will help to unleash its tremendous potential.
’Through a range of innovative projects including greener transport links and the restoration and renewal of spaces in the city centre, we will be able to rejuvenate the local economy, support businesses, boost connectivity and create new jobs.’
Communities secretary Robert Jenrick said: 'This Deal is great news for Truro and the county. By revitalising the waterfront, breathing new life into unused historic buildings and investing in new cultural and tourist attractions, it will make a huge difference to the local economy and create much needed jobs and homes.'
The cash is the 53rd deal to be announced from the Towns Fund, with £1.28bn committed from fund for Town Deals.
However, around £1bn from what was a £3.6bn fund has neither been allocated or otherwise accounted for.
This article first appeared on localgov.co.uk.