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18/08/2017

£45.5m investment to unlock homes in Leicestershire and South -East

Words: Laura Edgar
M1 in Leicestershire / iStock-478515985

Highways England has announced a number of road improvements schemes worth £45 million that could create more than 6,000 jobs and 10,000 homes in Leicestershire and the South East.

The body is making a £19.9 million contribution towards the schemes from its Growth and Housing Fund, which was set up as part of the government’s £15 billion investment in roads.

Private sector developer contributions, the Congestion Relief Fund and other public money make up the rest of the investment.

The three schemes that will receive money are:

  • M27 junction 9 Whitley Way – Up to 3,500 homes and up to 250 jobs could be delivered.£9.9 million will come from the Growth and Housing Fund and £3 million from the Highways England Congestion Relief Fund. Hampshire County Council and the local enterprise partnership will, under the terms of a grant funding agreement, deliver the scheme. It is the first scheme to be supported by this fund in the South-East.
  • Anstey Lane (A46 / A560) – Up to 2,378 homes and around 260 jobs could be delivered. Some £5 million will come from the Growth and Housing Fund and £2.8 million from private developers. Leicestershire County Council and the Leicester and Leicestershire Local Enterprise Partnership will deliver it.
  • M1 junction 23 – Up to 4,000 homes and 5,600 jobs could be created. Some £5 million will come from Growth and Housing Fund, £10 million from private funding and £3.2 million from the local growth fund. Leicestershire County Council and the Leicester and Leicestershire Local Enterprise Partnership will deliver the scheme.

Jim O’Sullivan, chief executive at Highways England, said: “England’s strategic roads are vital for economic success, connecting businesses, people and supporting the government’s agenda of employment and growth. All of these improvements and future upcoming announcements will ultimately ensure England’s major roads continue to make a valuable contribution to the prosperity of our country.”

Image credit | iStock

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