Posted on May 20, 2019Category: Articles News Tags: Infrastructure, Local Growth Fund, Northern Powerhouse
Essential road works at Hull’s Priory Park will soon be underway thanks to a £1.8m contribution from the Government’s Local Growth Fund, secured by the Humber Local Enterprise Partnership (Humber LEP), as part of their commitment to the Northern Powerhouse.
The highways improvement is required to ensure investment can go ahead on land near Henry Boot Way in West Hull – which once complete could unlock the development of up to 15,600 sqm of commercial floor space, new private sector investment of up to £25m and the creation of up to 280 new jobs.
The Humber LEP Board approved the funding at their meeting on Friday, May 17, which was secured by the Humber Local Enterprise Partnership through the Humber’s Growth Deals.
Hull City Council are now set to begin the highways works at Priory Park to facilitate the development of the remaining 12 acres (5 hectares) of land at Henry Boot Way; of which approximately 8.5 acres are within the Humber LEP’s designated Enterprise Zone.
The improvements are required for the road to safely carry additional traffic in the area before further development can take place on the site, by mitigating risk from increasing the road’s capacity through several different measures.
Humber LEP Chair, Lord Haskins, said: “I am pleased to see more funding available to back such necessary infrastructure work in Hull through Growth Deal funding.
“These projects are imperative to the growth of the Humber, with developments that can meeta range of needs for the region – including creating the infrastructure we need to see our economy grow.
“Through the Growth Deals we have been able to bring forward improvements that our region needs to in order to be better connected, to facilitate for more people coming to live in the Humber region and to develop sites that can offer more opportunities for employment.”
Councillor Daren Hale, Deputy Leader at Hull City Council, said: “We are delighted that this investment has been secured. Improving Hull’s road network to support sustainable economic growth is a key priority for this council, and by working together with our partners, we can ensure the city is better connected to economic centres across the north and beyond.
“It also releases further Enterprise Zone land, which Hull has the best track record in developing, creating jobs for local people.”
“Local Growth Fund”
Local Enterprise Partnerships are playing a vital role in driving forward economic growth across the country, helping to build a country that works for everyone.
That’s why by 2021 Government will have invested over £12bn through the Local Growth Fund, allowing LEPs to use their local knowledge to get all areas of the country firing on all cylinders.
Some additional key facts:
- There are 38 LEPs covering the whole of England
- The government has awarded £9.1bn in three rounds of Growth Deals to local areas to drive economic growth.
- LEPs are investing in a wide range of projects including transport, skills, business support, broadband, innovation and flood defences.
Some Northern Powerhouse key facts:
- The Northern Powerhouse is a key aspect of this Government’s approach to addressing the productivity gap in the North and ensuring a stronger, more sustainable economy for all parts of the UK.
- The government has awarded £3.4bn in three rounds of Growth Deals across the Northern Powerhouse.