Surrey has received a £95 million grant from the Government to support road improvements and unlock new housing on the A320 Guildford Road in Woking.
The funding from the Ministry of Housing, Communities and Local Government will unlock land to build up to 4,500 homes in the town.
It will pay for the widening of the Victoria Arch Bridge, for road improvements, buying land and connecting utilities.
The project, which is being delivered by Surrey county council, is expected to significantly reduce congestion in the area, as well as opening up land for housing. Enterprise M3 supported the project with funding for the business case.
EM3 played a key role in working with JLB leaders and chief executives to present a united front on these proposals. Additionally we invested in funds (loans) to support capacity building to enable council to prepare high quality proposals .
A wonderful example of how the LEP working with others have championed these funds and the needs of the area and invested a relatively small amount to achieve a bigger prize. And most importantly secured funding to support the building of homes for our valuable workforce.
A huge thank you to team members especially Kevin Travers (Head of Transport) and Rachel Barker (Assistant Director – Operations) who have worked on this initiative and to Kevin Lloyd who worked on this approach prior to joining us. And a well done to those in Surrey and Woking who worked on this.
We’re delighted that this funding has been awarded as it will help deliver infrastructure improvements in both road and rail as well as facilitate new housing in Woking and the surrounding area .
Working in partnership with Woking Borough Council means we’re helping to keep Woking’s town centre a vibrant and attractive place for employers, retailers, residents and visitors.
From 1 April 2024, the responsibility for LEP functions across the Enterprise M3 LEP region has transferred to Hampshire County Council and Surrey County Council.
The Enterprise M3 Board met for the last time in March 2024 and Enterprise M3 LEP is no longer operating as an organisation.
For any enquiries relating to economic development across the counties of Hampshire and Surrey, please visit the Hampshire County Council website and Business Surrey respectively.
Please note that Enterprise M3 LEP staff have transferred to Hampshire County Council to continue to deliver services and activities in Hampshire, including the Growth Hub, the Careers Hub, work on key business sectors, and trade and investment.
They can be contacted by emailing growth.hub@hants.gov.uk and careers.hub@hants.gov.uk respectively. Alternatively, please contact the economic.development@hants.gov.uk.
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