This project concentrates on improving road capacity in Telford & Wrekin to be 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 and the scheme addresses 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 2,845 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.
£13.9m Growth Deal 1 investment
Improved road capacity at key employment sites
Aims to create 5,369 jobs and bring forward 2,845 new houses
The Marches Local Enterprise Partnership has now ceased trading and transferred all its functions to Shropshire Council working with Telford & Wrekin Council and Herefordshire Council, in line with the UK Government's plans for devolution.
The Marches LEP was established in 2011 and hands over an impressive legacy from its 13-year life. In that time the LEP invested over £196m in projects across the Marches, securing in excess of £100m of match funding and supported more than 66,000 business interactions.
The schemes supported have made tangible differences to local communities, increasing skills, creating jobs and improving the physical appearance of many towns.
We would like to thank all the LEP Board Members who have given their time freely over the life of the LEP, as well as all the staff who worked for the LEP over the years. We also want to thank our delivery partners, local education providers and local, regional and national stakeholders who helped us achieve so much.
The Marches Growth Hub will continue to support businesses and will be managed by Shropshire Council, supported by Telford and Wrekin and Herefordshire Councils. Each of the three Local Authorities will also continue to provide direct business support locally. Details of this support will be available through the Marches Growth Hub website and from the Local Authorities directly. Website: www.marchesgrowthhub.co.uk | email: enquiries@marchesgrowthhub.co.uk.
The Marches Careers Hub will continue to be delivered and will be managed by Shropshire Council, supported by Telford & Wrekin and Herefordshire Councils. Website: www.marchescareershub.co.uk | email: info@marchescareershub.co.uk
For any queries about Getting Building Fund (GBF), Local Growth Fund (LGF) and Marches Investment Fund (MIF) projects supported by the Marches LEP please contact: gary.spence@shropshire.gov.uk
For any finance queries please contact: michelle.hodgkiss@shropshire.gov.uk
The solvent liquidation of the Marches LEP is being managed by the Evelyn Partners Limited. For any matter related to this please contact: Camilla.Mulholland@evelyn.com