A multi-million project to improve roads in Northampton town centre – helping strengthen the local economy - has moved a stepped closer following a funding boost from central government.
Northamptonshire County Council has secured £3.87million from the Department for Transport’s Local Pinch Point funding pot – one of just 10 initiatives to do so nationwide.
The money will go towards a £6.8 million scheme which seeks to enable development in the 104 hectare Northampton Waterside Enterprise Zone by increasing the capacity of the congested southern Inner Ring Road and by improving access to the site.
The focus of the initiative is on the St. Peter's Waterside site which has capacity to deliver 43,000 square metres of high quality office space, including the £7.5m Innovation Centre and £20m Northampton Station redevelopment that have already received funding.
The scheme will also encourage wider development opportunities in the Enterprise Zone and town centre.
Cllr Andre Gonzalez De Savage, county council cabinet member for infrastructure and public protection, said: “I’m delighted that the government has recognised that investing in Northamptonshire is worthwhile and this shows that they are confident that our proposals will make a big difference to the local economy.
“This is a very important scheme in that it helps unlock access to the Waterside Enterprise Zone and also, from the new railway station, creates a suitable gateway into Northampton town centre.
“In the next few months we will start to see a great deal of work around this area of the town centre and rapid improvements. These are very exciting times for Northampton and the county as a whole as the local economy continues to recover.”
Work in and around the railway station is due to start in April with the whole project due for completion by 2015.