Corby awarded £3.9m for key infrastructure

Release Date: 
Tuesday, February 6, 2018 - 15:00

Corby Borough Council welcomes the Government’s announcement under the Marginal Viability Fund made on the 1st of February to support infrastructure delivery in Corby for improvements to A43/Steel Road Roundabout and surrounding access roads with an award of £3.9m.

 

The funding is to provide improved transport and access principally for the Priors Hall Park development but will also assist other major developments in the area supporting housing and employment delivery. It is only one of two awards made across Northamptonshire.

 

Priors Halls Park is our prestige urban extension. The site has planning permission for 5,100 new homes, primary schools and commercial floorspace. Over 750 new homes, an Academy, a Primary School, and Enterprise Centre have been built with further housing, retail, employment, green space and leisure facilities being proposed.

 

Leader of Corby Borough Council, Cllr Tom Beattie said;

 

“We welcome this announcement of funding to support Corby’s growth and much needed infrastructure.  We look forward to working with Partners in the North Northants Joint Planning and Delivery Unit and the new owners of Priors Hall Park, Urban and Civic, to deliver long term sustainable growth which will help our community grow and prosper”.

 

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Notes to Editors:

 

The £2.3 billion Housing Infrastructure Fund offers funding to local authorities on a competitive basis, for infrastructure to support up to 100,000 new homes.

The fund is divided in 2 parts:

  • a Marginal Viability Fund to provide the final or missing piece of infrastructure funding to get additional sites allocated or existing sites unblocked quickly

  • a Forward Fund for a small number of strategic and high-impact infrastructure projects

 

Corby has been awarded £3,973,252.00

More Information: 

For press enquries please contact: Megan Gourlay, Corby Borough Council
Telephone: 01536 464022 Mobile: 07568 590 324
Email megan.gourlay@corby.gov.uk

Follow us on Twitter @CorbyBC

Last updated: Tuesday 6th February 2018 03:02:29 PM
Review date: Monday 27th January 2020 02:57:48 PM