This package is still being developed but is likely to deliver capacity improvements at a number of congestion bottlenecks on key transport corridors that link Farnborough town centre and business/retail parks with the wider strategic network (including the M3 via Junction 4 and A331 via Bradfords roundabout/ Lynchford Road). The corridors being considered are:
It is estimated that the package would help indirectly support the creation of up to 4,845 jobs within the sites earmarked for new employment land use as part of the Rushmoor Local Plan within the Farnborough area (including 1,202 indirect jobs). It is calculated that these jobs could contribute a net £205.4 million GVA to the economy.
The package would also support the retention of 13,200 jobs, including 2,300 in the professional, scientific and technical sector and 1700 in the Information and Communication sector. The junction improvements will help improve the prospects of delivery of new floorspace at Farnborough Business Park. Planning approval has been given for 180,000 sq. ft. of new office space.
The package will indirectly help support the unlocking of 3,850 new dwellings up to 2029, through the Wellesley development on the northern part of Aldershot. It is estimated that 20% of the housing (i.e. 770 dwellings) in the Aldershot Urban Extension will be unlocked by the Farnborough Northern Corridor to Growth package of junction improvements.
Amount financed: £6.7 million
Total cost: £8.7 million
Status: Coming soon
Project Lead: Kevin Travers
Partner: Hampshire County Council
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