This cash will be used to dual an existing single lane carriageway to support future growth north of Peterborough as well as funding a study into further dualling to the northern end of Peterborough, which will help to define the growth potential in the area.
The investment follows the government's plans announced in December to help future generations of home buyers get a foot on the housing ladder by increasing the supply of new homes.
Announcing the funding allocation today, Lords minister for housing and planning, Baroness Andrews said:
'This is an important project for Peterborough, ensuring continued housing and economic sustainable growth for the city.
'Over the last 30 years we have seen demand for new homes increase by a third as house building rates have halved. This is simply not sustainable. For the sake of the next generation we must act now. Providing new homes is not just about bricks and mortar, it's about ensuring that the community as a whole is supported by the right infrastructure - transport, education, healthcare and green spaces.'
Peterborough City Council leader John Peach said:
'This is great news for Peterborough. The dualling of this section of Paston Parkway, between junctions 21 (Gunthorpe) and 22 (Werrington), will help cope with traffic growth from proposed housing developments and discourage 'rat-running' by traffic approaching the city from the north. In particular, 1,200 new homes at Paston Reserve will have a major access from junction 21.
'This growth area grant makes a further valuable contribution towards Peterborough's aspirations for significant expansion in both homes and jobs under the government's sustainable communities policy.'
1. This package of funding will benefit the growth area - London-Stansted- Cambridge- Peterborough - by helping to ensure that the right infrastructure and community facilities are in place in those areas that are contributing to the Government's commitment in the 2003 Sustainable Communities Plan to deliver an additional 200,000 homes above existing plans by 2016.
2. The funding period for GAF runs from 1 April 2006 to 31 March 2008.
3. The Sustainable Communities Plan (SCP), published in February 2003, committed£164m for the Milton Keynes/South Midlands, Ashford, and London-Stansted-Cambridge- Peterborough growth areas over three years from 2003 to 2006. This Growth Area Funding (GAF) was for site assembly and remediation of brownfield land, delivery mechanisms, additional affordable housing and essential local infrastructure.
4. On 17 March 2005 it was announced that a further£235m has been made available over the two yearsfrom 2006 to 2008 for key infrastructure to support the creation of sustainable communities across those three growth areas and the three London Opportunity Boroughs of Barnet, Islington and Brent. Guidelines on this second round of Growth Areas Funding and the bidding process were issued shortly afterwards. Over 400 Expressions of Interest were received in the summer and on 24 August 2005 provisional approval was given for over 70 capital projects to submit fully worked up bids for funding. Today's announcement confirms that 77 projects, worth£222.16m, have been formally approved for Growth Areas Funding.
5. A£24m slice of the Growth Areas Fund is being spent exclusively on 'green space' projects. This meets the government's commitment in the Response to the Barker Review of Housing Supply to provide a minimum of 10% funding to support environmental projects in the Growth Areas. This brings the total level of Government investment in green infrastructure in the newer growth areas to£38m between 2004 and 2008. This funding is supporting the delivery of key components of green infrastructure in each of the key growth locations, for example through the development of the rural/urban fringe, the creation of new habitats and the protection of existing habitats. The table attached below includes a full list of the green space schemes that have been approved. Some specific examples of greenspace projects are also attached below.
6.£600,000 of the Growth Areas Fund is being made available to projects to access design advice from the Commission for Architecture and the Built Environment (CABE), the government's advisor on architecture, urban design and public space. This advice will be related to the GAF-funded project and will not only help ensure these projects result in development of the highest quality, but will also assist in embedding principles of quality design and in enhancing skills across the organisations delivering in the growth areas. So for example, at Corby CABE will provide professional design advice on proposals for the Parkland Gateway project to provide a new civic, cultural and educational heart to the town, and on the design, management and maintenance of the town centre park. Similarly at Harlow, CABE will provide advice on design and development briefs for housing and retail developments at a number of neighbourhood centres, ensuring that these are redeveloped to the highest quality and are best able to serve the needs of local residents.