Following today's announcement of £124.8m Government funding to the Solent Local Enterprise Partnership (LEP), Fareham Borough Council is delighted that £35m of that will be used to benefit Fareham communities.
In 2015/16, £6m will be released to fund:
From 2016, a further £14.9m will be provided for junction 10 of the M27 improvements, needed to enable the development of Welborne subject to the plans being found sound at a public inquiry to be held in the Autumn.
The residents of Whiteley will also benefit from funding granted with £14m pledged for transport improvements to include the provision of the completion of Whiteley Way.
Councillor Seán Woodward, Executive Leader of Fareham Borough Council and a director of the Solent Local Enterprise Partnership, said "We are really pleased with the amount of funding that has been provided to benefit Fareham and indeed the Solent area as a whole. The Government has also indicated that it is prepared to commit further funding for Welborne and Stubbington by-pass and we will be talking to Government officials immediately to progress this.
As well as providing access for a new community at Welborne this funding will greatly enhance the development of the Solent Enterprise Zone at Daedalus."
Overall, in the long term this funding will help to enable around 6,000 homes and up to 10,000 jobs in the Borough of Fareham.
For further information contact:
Lindsey Ansell, Head of Corporate Services. Tel 01329 824567
fax: 01329 550576, e-mail: firstname.lastname@example.org
This and previous media releases can be viewed on the Council's website: www.fareham.gov.uk/pressreleases
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