Coalville has been told its Future High Street Fund bid has been unsuccessful.

But North West Leicestershire District Council's leader Richard Blunt has re-emphasised the authority's commitment to regeneration in Coalville.

Coalville was the only East Midlands town to be shortlisted after a bid was submitted to Government earlier this year following engagement with partners and local community leaders.

However, it has now been announced that none of the fund has been allocated to Coalville.

Cllr Blunt said: "It's disappointing news of course, but this changes nothing in terms of our vision for Coalville.

"Regeneration is a real challenge but we're used to doing things the hard way.

"We'll continue to do it the hard way and this news will only galvanise us and our ambition for the town.

"We felt we submitted a robust and compelling bid for Coalville which followed engagement with local partners, and we will need to look closely at why the bid was unsuccessful.

"The work we put into the bid gave us some great ideas about what is possible in Coalville and we use this knowledge as a springboard for our own future investment.

"With Newmarket nearly complete, the Snibston site given a new lease of life and the private investment going into Belvoir Centre, Coalville is starting to show its potential – and this is only the beginning."

For more information on the Future High Street Fund, visit Funding boost for high streets