Telford Eastern Gateway

A £5.2m project, including £3.6m from Local Growth Fund, which is key to maximising the opportunity linked to the Jaguar Land Rover site just 12 miles to the east of Telford. It opens up the potential of the 31 hectare T54 development site immediately next to junction 4 of the M54 and brings wider economic benefits to the automotive supply chain. The project aims to deliver 3,438 new jobs and 1,400 homes.

This project will be fully completed in 2017/18.

Project funding – Growth Deal funds: £3.6m, private sector leverage: £1.1m, and other public funding: £500k.

Telford Growth Point Package

This project concentrates on improving road capacity in Telford so they are capable of coping with anticipated increases in traffic levels as a result of significant inward investment, and also on site infrastructure to open up housing and employment sites. The development sites are Muxton, Shawbirch and Hortonwood. The scheme will address a number of pinch points on roads which are hindering growth. The package also includes sustainable travel measures to encourage cycling. It aims to create 5,369 jobs and bringing forward 2,848 new houses across the Telford & Wrekin Council area. The investment provides significant economic benefits providing a benefit cost ratio of 6.5, that is, for every £1 invested this provides a return to the economy of £6.50.

This project will be fully completed in 2017/18.

Project funding – Growth Deal funds: £13.89m, local authority funding: £300k, and private sector leverage of £3.175m

Telford Bus Station

The replacement of the existing bus station including remodelling of entrances and footpaths, supporting the regeneration of Telford town centre as well as providing an enhanced public transport interchange. The project is a key element of the overall development strategy for Telford town centre, is key to unlocking development as part of the Telford Shopping Centre masterplan, and aims to unlock 8,800 sq m of retail development land and create 365 jobs at the site (from a total of 14,358 across the borough).

This project will be fully completed in 2017/18

Project funding – Growth Deal: £1.3m and private sector leverage of £600k

 

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