Merton Council will allocate £75 million from the sale of its risk management company to create a 'vibrant and accessible' town centre, focusing on community priorities.
The council's plan emphasizes four areas of investment, including revitalizing town centres and building the first council homes in a generation, demonstrating a commitment to local development.
"This fund will not be used for everyday services like street cleaning or park maintenance; it's a one-time investment focusing on significant community enhancements," the council clarified.
The Merton Legacy Fund aims to secure a better future for residents, with £15 million specifically reserved for infrastructure projects as prioritized by the community.
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