Work is under way to invest £5 million of UK Government Levelling-up funding for Perth on three projects.
The UK Government Levelling-up funding criteria stipulated the £5 million had to be capital investment in Perth. Perth and Kinross Council has to submit an Investment Plan by June 3, 2024 and provide assurance the projects represent value for money and can be delivered by March 2026.Built in 1809, Lower City Mills is A-listed and described by council officers as being "one of the few surviving examples of an almost intact urban mill in the UK".
Following an unsuccessful Heritage Lottery Fund application bid, PKHT is ending its lease of the building. PKC has recognised "the excellent work by PKHT" and wants to use the Levelling-up funding to work with PKHT to make the plan a reality and create "Scotland’s only working urban working mill". It is hoped the mill will attract around 12,000 visitors a year.