Fareham Borough Council has submitted a bid for a grant of around £10M from the Department for Communities and Local Government's Housing Infrastructure Fund. If successful, the funding will effectively be the last piece of the jigsaw in terms of finance needed to upgrade J10 of the M27 to an 'all-moves' junction.
Importantly the bid has the full support of the Solent Local Enterprise Partnership (LEP), Hampshire County Council, Suella Fernandes MP for Fareham and George Hollingbery, MP for Meon Valley.
To date £29M of public funding has already been secured through the Solent LEP and the Department for Transport, both of whom are vital partners for the successful delivery of this scheme. However the total estimated cost, which includes allowances for inflation and contingency works, and associated highways works, is in the region of £60M.
Leader of Fareham Borough Council, Cllr Seán Woodward said: 'I was delighted to add my endorsement to a bid that is widely supported by our key partners and Members of Parliament. Securing funding to ensure this infrastructure is in place upfront will unlock any barriers to the housing requirements for the area and ensure timely delivery of housing and Welborne Garden Village. The Council now looks forward to working with the Government and all interested parties to get Britain building.'
Welborne Garden Village will deliver 6,000 homes, some 5700 jobs, a new secondary school, three primary schools and new recreational, community space and health facilities. Garden Village status is key to unlocking the full capacity of Welborne, providing funding for additional resources and expertise to help accelerate development.
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