Investment
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 at economic.development@hants.gov.uk.
Project description
The Clay Lane Link Road is designed to improve access to the Slyfield Industrial Estate and aims to ease the current congestion issues, help existing businesses grow and encourage new businesses to relocate to the estate which will help retain jobs and create new employment opportunities. The road will extend Westfield Road and Moorfield Road to the east and provide for two new roundabouts and significant improvements and realignment to the one existing mini roundabout at Moorfield Road. The scheme will:
- Enable the accelerated development of the Slyfield Area Regeneration Project
- Provide the enabling infrastructure required to unlock access to the two major undeveloped allocated sites
- Enable the relocation of a Sewage Treatment Works and Council Depot to proceed
- Release a brownfield site capable of delivering the 1057 new homes and enabling the construction of two large new industrial units
- Facilitate improved circulation within the eastern end of the Slyfield industrial estate, easing internal congestion.
Project output
The outputs from the scheme are summarised below:
- Jobs Safeguarded from Averted relocations 181
- Construction jobs created 2,050
- Jobs from multiplier effects 102
- Brownfield land brought back into economic use 41ha
- Commercial Floorspace Developed or Upgraded 6,500sqm
- Net Increase in Commercial Floorspace 6,500
- Additional homes brought forward 1,057
- Additional GVA Generated per Annum £122,960,333
- New Investment Generated £480,515,000
- Additional Apprenticeships Created 307
- Additional High Level Skills Qualifications Attained 307
Key Outputs
Start date:
End date:
Amount financed: £1 million
Total cost: £3.5 million
Status: Completed
Project Lead: Kevin Travers
Themes: Places
Geo-location:
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