Good transport links are essential to any new housing development, and this money from the Community Infrastructure Fund will unlock the potential in the region for delivering the new homes that will help to ease long-term housing needs from first time buyers and families on waiting lists.
The 4 projects that will deliver a range of new vital transport projects across the South West are:
- Junction 30 Improvement on M5, Exeter £1.5m;
- M5 Segregated Crossing, Exeter £5.5m;
- Plymouth East End Community Transport Improvements £9.78m; and
- Wichelstowe Pedestrian & Cycle Bridge, Swindon £2.09m.
This funding will also support 279 jobs in the region as part of the Government's fiscal stimulus to support the economy in the current climate.
A further 2 transport schemes in the South West have been shortlisted for funding and a final decision will be made over the summer.
Margaret Beckett said:
"This funding will help to deliver new homes that the South West desperately need to meet long term demand from first time buyers and families on waiting lists. We know that good transport links are vital to successful communities and these projects will unlock the potential for new housing where it is needed. By investing today in tomorrow's infrastructure we are helping to ensure the foundations are in place to support economic recovery, while also creating and safeguarding jobs right now."
Ben Bradshaw, Regional Minister for the South West said:
"I am pleased that the South West has been successful in securing funding of over £18 million under the Community Infrastructure Fund. The transport schemes in Plymouth, Exeter and Swindon will provide the infrastructure for thousands of new homes to be built and support 279 jobs in the region as part of the Government's fiscal stimulus to support the economy".
