The Business Magazine - B2B Business News - Site Logo

Warning: Undefined array key "selectissue" in /home/970822.cloudwaysapps.com/utkbfqnuhr/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 4

Warning: Undefined array key "tbm_visit_edition_me" in /home/970822.cloudwaysapps.com/utkbfqnuhr/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 22
The Business Magazine - B2B Business News - Site Logo
The Business Magazine May 2024
Read now
PICK YOUR EDITION

Major Oxfordshire junction scheme receives £17.3M funding boost

The Business Magazine article image for: Major Oxfordshire junction scheme receives £17.3M funding boost
The first £1m tranche has now been fully invested
2 April 2024
The first £1m tranche has now been fully invested

A funding milestone has been reached for a major junction project near Abingdon, Oxfordshire, which means hundreds of new homes can now go ahead.

Homes England - the government's housing arm, has agreed grant funding with Oxfordshire County Council, which will provide £17.3 million for the A34 Lodge Hill Interchange scheme.
READ MORE: South Coast: A34 is key to unlocking potential of Solent region, says Barton Willmore

The Vale of White Horse district council granted planning approval for the Abbey Fields development in north Abingdon for around 950 dwellings.

But until the county council was able to fund and contract the roadworks to improve traffic capacity, the housing development stopped. Now, work on the remaining 820 homes on the Abbey Fields site can go ahead.

Following the grant funding agreement (GFA), Oxfordshire County Council can now select a contractor to design and build the scheme with construction anticipated to start this summer.

"Securing funding from Homes England and appointing a design and build contractor represents major milestones for the project, and the council is now in a strong position to accelerate towards construction.

This project has been in development for a long time and is much needed and wanted by the residents of Abingdon," said Cllr Judy Roberts, Oxfordshire County Council's cabinet member for infrastructure and development strategy.

"The A34 Lodge Hill scheme will improve connectivity to and from the north of Abingdon, avoiding the town centre and making it easier for people to choose walking, cycling or taking public transport as part of their daily routine," she added.

Pauline Schaffer, director of infrastructure funding at Homes England, added: "Our multimillion-pound funding will provide strategic transport infrastructure, unlocking 820 homes in north Abingdon and supporting wider housing and economic growth in the area.

"We are committed to working with ambitious local authority partners seeking to meet their local housing needs through delivery of key infrastructure."


Share 

Giles Gwinnett is a writer at The Business Magazine. He has been a journalist for more than 20 years and covered a vast array of topics at a range of media settings - in print and online. After his NCTJ newspaper training, he became a reporter in Hampshire before moving to a news agency in Gloucestershire. In recent years, he has been covering the financial markets along with company news for an investor-focused web portal. His many interests include politics, energy and the environment. He lives in Dorset.

Latest deal ticket

All deals
  • Hazrem Environmental (Wales)
    has been acquired by
    Biffa (Buckinghamshire)
    June 2024
    UNDISCLOSED
    Who's behind the deal?
  • Silex (Hampshire)
    has been acquired by
    Euston Ventures (London)
    June 2024
    UNDISCLOSED
    Who's behind the deal?
  • Gristwood & Toms (Hertfordshire)
    has been acquired by
    Nurture Group (Surrey)
    June 2024
    UNDISCLOSED
    Who's behind the deal?

Events

All events

Related news


Group Titles

Dorset BIZ NewsHampshire BIZ News
cross