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Budget 2021: Margate to receive £22 2m from government s Towns Fund cash pot

 |  Updated: 07:26, 05 March 2021 A seaside town in Kent is to receive £22.2m of funding to give its economy a much-needed boost and help the area thrive. The money, awarded to Thanet District Council, will be used to help the Margate community flourish by providing opportunities for those living there and make the town realise its full potential . Margate has been successful in its funding bid, Picture: Tony Flashman The announcement was made as part of the Chancellor s Budget statement yesterday. The scheme aims to support urban regeneration, skills development and improved connectivity by giving each place its own Town Deal. A board was created, including North Thanet MP Sir Roger Gale and chief executive of East Kent College Graham Razey, and an investment plan submitted last year as part of its bid.

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