The Greater Cambridge Greater Peterborough Enterprise Partnership is pleased to announce the securing of a further 37.6 million pounds of funding to support the growth of local economies via the Government’s Growth Deal.
The award comes on the back of a strong devolution deal for Cambridgeshire and Peterborough, funding for work on East – West rail worth 110 million pounds, and an additional 27 million to support study and research work for the Oxford to Cambridge Expressway.
The continued investment in the Local Economic Partnership is critical to unlock the key barriers to growth, delivering infrastucture upgrades and new housing that are vital to the economic success of the area and of UK PLC as a whole.
Previous Growth Deal allocations have been used to support a range of diverse projects, including the Ely Southern Bypass, improvements to King’s Dyke Level Crossing near Whittlesey, and the New Highways Academy at WATA to help train apprentices for the A14 road enhancement scheme.
The new allocation has been provided on a programme basis, giving flexibility about the best way in which funding can be used to support economic growth across the area.
The Local Economic Partnership will continue to work through specific proposals with partners, and on pipeline investment plans for the proposed combined authority.
Specific project investments will be guided by outcomes from any review of the Strategic Economic Plan.