How the money is actually spent will be decided by a neighbourhood board.
Who becomes its chairperson will be decided by West Suffolk Council in consultation with the local Conservative MP Nick Timothy.
He says it is not up to him to decide where the money is spent but it is important “the village is set up to succeed and that touches lots of different things like housing, transport, amenities, the future of the High Street, like opportunities for good jobs”.
The MP, whose West Suffolk constituency also includes Brandon, Haverhill, Mildenhall and Newmarket, has an online survey up and running, external for residents to have their say on what they want.
Across the East of England, 13 neighbourhoods or villages have been allocated funds with Ipswich getting a £1.5m one-off payment.
Two other areas in Suffolk also received £20m funding spread over five years — West Felixstowe and Central Lowestoft.
The first lot of funding is not expected to be available to spend until 2027.
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