Multi-million pound major road improvements unlock 6,000 jobs
The improvements, worth a total of £45.5 million, will create growth opportunities in Leicestershire and the South East.
Highways England is making a £19.9 million contribution towards the schemes from its Growth and Housing Fund, with private sector developer contributions and other public funding making up the rest.
This will be the first time the Hampshire area has been assisted by this Highways England designated fund.
The £100 million Growth and Housing 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 that are needed for new developments, which promise timely delivery of homes and jobs.
The £220m Congestion Relief Fund announced during the Autumn Statement has also played its part in underpinning economic growth, by providing additional funding to the M27, junction 9 scheme.
This additional funding will help to tackle congestion in the local area and improve connectivity.
Highways England’s Growth and Housing Fund has so far made contributions of over £60 million to 16 improvements to unlock over 30,000 new homes and more than 40,000 jobs around Swindon, Exeter, Weston Super Mare, Darlington, Scunthorpe, Grantham, Warrington, Honiton, Derby, Foxdenton (Oldham), Taunton, Durham, Daventry, Leicester and Southampton. ■