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.
Investment
Runnymede Roundabout is a known congestion pinch point in the north eastern part of the Enterprise M3 area. The scheme has a strategic location, with immediate connections to M25 (Junction 13), Heathrow Airport, Staines-upon-Thames, Egham and Windsor. Roads connected to the roundabout experience traffic bottlenecks at peak times. Enhancements to its layout and addition of signalling will significantly improve traffic management and dramatically reduce waiting times at peak periods. Additionally, it will significantly improve accessibility for pedestrians and cyclists to the neighbouring areas and River Thames. The proposed improvement measures are expected to contribute to retention of existing businesses, whilst attracting new development, thereby contributing to local economic growth and job creation. The tackling of congestion and delays is expected to reduce journey time and cost of travel, improve overall journey reliability, and reduce accident risk.
The construction of the scheme could directly deliver up to around 30 construction-related jobs. Developments with planning permission would provide approximately 1,900 new jobs, if implemented. The scheme will help to facilitate the construction of up to 660 new housing units in the immediate area over the next 15 years. The scheme is expected to increase GVA per head from £21,500 to £22,500 through increased productivity and focus on businesses in high value added sectors.
Start date:
End date:
Amount financed: £4.95 million
Total cost: £5.88 million
Status: Completed
Project Lead: Kevin Travers
Themes: Places
Geo-location:
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