Chipping Norton is one town in the running for a cash grant
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Small towns are being challenged to come up with regeneration ideas to win a share of £700,000.
Nineteen of Oxfordshire's towns have the chance to see their development ideas funded by the South East England Development Agency grant.
Previous successful bids have included regenerating a railway station and setting up a credit union.
Grants of up to £120,000 are available, which will fund half of a project with the town funding the other half.
Oxfordshire County Councillor Anne Purse said: "We are working hard to make sure eligible towns take full advantage of available funding.
"Suggestions must demonstrably be able to help regenerate and develop a market town for the better."
The nineteen eligible towns are:
Benson
Berinsfield
Botley
Burford
Carterton
Charlbury
Chipping Norton
Eynsham
Faringdon
Goring
Henley
Kidlington
Thame
Wallingford
Wantage
Watlington
Wheatley 
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