This Towns Fund Objectives set by government are to drive the ecomonic regeneration of towns to deliver long term economic and productivity growth through:

Urban regeneration, planning and land use:

Ensuring towns are thriving places for people to live and work, including by: increasing density in town centres; strengthening local economic assets including local cultural assets; site acquisition, remediation, preparation, regeneration; and making full use of planning tools to bring strategic direction and change.

Skills and enterprise infrastructure:

Driving private sector investment and ensuring towns have the space to support skills and small business development.

Connectivity:

Developing local transport schemes that complement regional and national networks, as well as supporting the delivery of improved digital connectivity.