A Norfolk town will receive nearly £1m in funding as a co-investment agreement is reached after more than a year of negotiations between councils. 

Wymondham will see a funding boost of around £955,000 to make its centre more attractive as part of a deal between South Norfolk Council and the town council. 

The total investment will consist of around £250,000 contribution from each authority and more than £400,000 from the sale of the former council offices in Middleton Street, which South Norfolk Council owned.

The funding pot faced collapse over recent weeks as South Norfolk Council threatened to take its offer off the table if an agreement was not reached. 

Lord Fuller, leader of the council, said: "I'm really pleased with this outcome, it's a wonderful opportunity and Wymondham deserves it. 

"I am grateful to the town council for coming to an agreement with us. It's a most generous offer.

"Now we can get on with this and the people of Wymondham will be richer as a result."

Eastern Daily Press: Wymondham will receive a funding boostWymondham will receive a funding boost (Image: Denise Bradley)READ MORE: 23 Norfolk towns and villages could get shake-ups for cyclists and pedestrians

Ms Nuri-Nixon, chairwoman of the town council, said she felt "backed into a corner" after South Norfolk Council threatened to slash the amount given from the proceeds of the office sale by £100,000 if a contribution of £250,000 was not made. 

"We simply don't have that amount of money floating around," she added.

However, Wymondham Town Council unanimously voted in favour of allocating money to the project at a meeting last month. 

Michael Rosen, South Norfolk councillor for North Wymondham and town councillor, said: "There's a lot of talking still to be done and the success of this project depends on this being a genuine partnership. 

"There's much to be resolved but this decision does offer a way forward."

The funds will be used for 'public realm improvements' to make the town centre more attractive, and South Norfolk Council has also agreed to spend up to £50,000 on a public consultation about how the money will be allocated.