Five transport schemes get green light
Five transport schemes across Devon and Somerset have got a green light from the LEP's Local Transport Board – the new body charged with funding major schemes in the area.
The board has given the go ahead in principle to five projects out of an initial list of 12 potential proposals.
The five initial schemes are:
Bridge Road widening, Exeter - £4.55 million
Derriford/ William Prance Road Junctions, Plymouth - £5.76 million
Marsh Barton/ Edginswell railway stations - £3 million
Torbay Western Corridor - £7.3 million
Yeovil Western Corridor - £6.49 million
The Local Transport Boards are part of a new system set up in conjunction with local transport authorities, the LEPs and the Department for Transport to allocate major scheme funding at a local level for road, rail, pedestrian and cycle schemes up to £15m.
£27.1m of funding over four years has been allocated to the HotSW Local Transport Board in a surprise decision from the Department for Transport, which had previously indicated a higher figure of £40m.
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Growth Strategy - update
The Heart of the South West has now started work on developing an overarching Growth Strategy. This document will inform all the other strands of our work and will be reflected in both the City Deal and the Structural Investment Fund strategies.
The deadline for the submission of the first draft is December, but we have embarked on this now to ensure a coordinated approach throughout all our work strands.
To gain more information and help shape the strategy, we're in the process of developing a stakeholder survey.
Once launched, we will be asking all our stakeholders to complete the survey and help determine our future growth.