Multi-million pound road improvements to unlock homes and jobs

Multi-million pound road improvements to unlock homes and jobs

The improvements, worth just over £67 million in total, will mean opportunities in Wigan, Greater Manchester, Marlow in Buckinghamshire, Newton in Nottinghamshire, Cumbria and Plymouth.

Highways England is making a £16.6 million contribution towards the schemes from its Growth and Housing Fund, alongside private sector developer contributions and other public funding making up the rest.

Jim O’Sullivan, Highways England Chief Executive, said:

Each of these improvements will ensure England’s strategic road network continues to make a valuable contribution to the prosperity of our country.

We will continue to use our Growth and Housing Fund, working with a range of local stakeholders to unlock further development sites around the country.

The designated £100 million fund was set up as part of the government’s £15 billion investment in roads and provides financial contributions towards the cost of road improvements needed for new developments that provide new jobs and much needed homes.

Local Member of Parliament, Johnny Mercer, said:

“This is a sizeable investment from central government on a strategic project that is going to help our city to continue to grow and thrive.

“Plymouth has been lacking an ambitious plan for some time, yet we now have projects on the go right across the city that are going to add real value to our community. That value isn’t just in terms of the extra jobs and homes that this project will unlock, but the potential this will help to create and realise as a modern flourishing city.”

Talking about the national scheme, Transport Secretary, Chris Grayling, said:

Transport investment is crucial to a strong and resilient economy – that’s why we are making the biggest investment in roads in a generation, spending £23 billion across the country to improve journeys for motorists.

These upgrades from Highways England will benefit the regions, giving a boost to businesses and better access to the jobs and homes that people want.

The Designated Fund is part of Highways England’s award-winning “The Road to Growth” strategic economic growth plan. The plan received national recognition from the Institute of Economic Development (IED) for having the “greatest economic impact” at their 2017 annual awards ceremony.

This £37.84 million package of works includes the construction of the Forder Valley Link Road which will connect the A386 at Derriford to the A38 to the east of the city. Allocated £4,470,000 from the Growth and Housing Fund, the link road will form part of a range of transport interventions that will help to accommodate a number of developments and will unlock up to 651 homes, and 1,227 additional jobs. The scheme will also be funded by a private match of £6.4 million.The scheme is fully supported by both the local authority and the LEP (local enterprise partnership, with a substantial £22.55 million of other public (LEP) funding also being brought forward to enable the scheme to progress.

/ Press release

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