It comes after the Department for Communities and Local Government urged towns to ask their MPs to put them forward for the fund, or become Town Team Partners.
The 326 areas will receive a package of support including help from the Government and advice from retail experts, as well as ‘crowdfunding’, a way to attract local investors and raise small amounts of finance.
All Town Team Partners will also benefit from a Government-sponsored fund designed to help towards getting their plans off the ground. This can be anything from displaying artwork from local artists in venues, with a view to sell them.
This is the latest in a string of funding for high streets from the Government after retail guru Mary Portas conducted a review of high streets. This included introducing Town Teams.
Local growth minister Mark Prisk said: “There’s a real hunger in town centres across the country for them to be revitalised and remain attractive places to visit. So I’m delighted that from today over 300 Town Team Partners will begin to receive a package of support that helps them breathe new life into their high streets.
“No one’s pretending that there’s a silver bullet for improving the performance of our town centres. Town Teams can channel their energy and enthusiasm into promoting a more exciting and competitive offer on our high-streets, and help them thrive for years to come.”