Green light for Ollerton’s transformation: business case signed for Town Centre Regeneration

This project is backed by funding from the UK Government’s Local Regeneration Fund (a consolidation of existing local growth capital funds including Levelling Up Fund, Town Deals, and the Pathfinder Pilot) and will deliver a vibrant, inclusive town centre designed to meet the needs of residents, businesses, and visitors alike.

The plans include:

• A north-south pedestrian boulevard connecting Forest Road and Rufford Avenue
• A welcoming three-screen cinema
• A public sector hub
• A stylish café
• Modern retail and office spaces
• A new town centre ‘heart’ featuring open space and seating
• Dedicated space for events and markets
• New homes on Sherwood Drive (following demolition of the town hall)

The Green Book business case – a formal framework used by HM Treasury to assess public sector projects – sets out the rationale and funding sources for the scheme and marks a significant step forward with the project. It confirms that the plans are deliverable and enables the project to move into the next phase of development - submitting the proposals for planning consent.

Councillor Paul Peacock, Leader of Newark and Sherwood District Council, said: “We have been working hard to develop an exciting regeneration project in the town centre that keeps Ollerton’s residents’ thoughts, ideas, needs and wants at the heart of the future of the town. The signing of the business case marks an exciting moment in the progression of these transformative plans.  The plans will also reinvigorate the town and allow local businesses to grow and thrive. We are really looking forward to making these plans a reality for the people of Ollerton.”

Councillor Claire Penny, Portfolio Holder for Sustainable Economic Development at Newark and Sherwood District Council, said: “This is a vital and exciting moment for Ollerton! We are incredibly proud of the collaborative work that has gone into refining these plans, and we believe the final designs reflect a shared vision for a town centre that is welcoming, functional, and full of potential. Together with Ollerton & Boughton Town Council, we’ve worked closely to ensure the plans reflect local priorities and aspirations. With the signing of the business case, work can now start on making the plans a reality for the people of Ollerton!”

Ollerton & Boughton Town Council has been a vital partner throughout the development of the regeneration plans. They’ve helped ensure the proposals are shaped by the voices and values of the local community.

Speaking on behalf of Ollerton and Boughton Town Council, Cllr Derek Batey (Chairman of Finance & Audit), Cllr Ray Shilling (Chairman of Special Projects) and Karen Wakefield (Town Clerk) said: “Having worked on this vision for many years we are delighted to see the project reach this important milestone. The completion and signing of the business case is a major step forward. The project represents a significant opportunity to revitalise our community, enhance public services and create a more vibrant and accessible town centre for residents and visitors alike.”

For more information and to view the final designs, visit www.newark-sherwooddc.gov.uk/ollertonregen.