A major Nottinghamshire road scheme, set to also unlock development land for housing and business, will receive £7million in investment from the D2N2 Local Enterprise Partnership.
The planned £47million Newark Southern Link road project will receive £7m from D2N2. The private sector-led Local Enterprise Partnership of business, local authorities, skills and training providers, and community organisations promotes economic growth and jobs creation across Derby, Derbyshire, Nottingham and Nottinghamshire.
Funding, just approved by D2N2’s Infrastructure and Investment Board, will come from D2N2’s Local Growth Fund (LGF). The total LGF of £192.2m is being used to create infrastructure (including transport networks, facilities and widening broadband access) to promote economic growth in the LEP’s area.
The Newark Southern Link road will be a new four mile long road, linking the A46 (near Farndon) with the A1 (near Fernwood), with roundabout junctions at both ends. It is designed to ease traffic congestion and improve journey times along the Newark bypass, by providing an alternative A46 to A1 route and a new River Devon crossing point.
The new road will also open up 278 hectares of land, adjacent to the southern edge of Newark’s built up area, for housing and employment use. This area has planning permission for up to 3,150 houses (including affordable housing), two retail and commercial centres, a 60 bed care home, two primary schools, community buildings, a medical centre, 50 hectares of mixed use commercial development and landscaped green community spaces.
Phase One of the Newark Southern Link road is already under construction, with contractor Buckingham Group Contracting Ltd onsite. Phase Two will begin next year, with the road due to be completed before March 2020.
The route’s £47m cost is being funded by the Homes and Communities Agency (a public body sponsored by the Department for Communities and Local Government), developer Urban & Civic plc, Newark and Sherwood District Council, and D2N2.
David Ralph, Chief Executive of the D2N2 Local Enterprise Partnership, said: “Good transport connections are not only vital for business, they improve access to potential development land, which in turn makes those spaces viable for businesses and housing developers looking for opportunities.
“D2N2’s Local Growth Fund allocation provides an unprecedented opportunity for the area to fund a strategic approach, to building the infrastructure needed to promote economic growth and create new jobs, which will benefit all our communities.”
For more information about the work of the D2N2 Local Enterprise Partnership, including its investment in initiatives promoting economic growth, see its website at www.d2n2lep.org/Home
For further information about this media release contact D2N2 Communications Manager Sean Kirby on 0115 9578749 or email: email@example.com