The Business Magazine - B2B Business News - Site Logo
The Business Magazine - B2B Business News - Site Logo
The Business Magazine May 2024
Read now
PICK YOUR EDITION

Landmark £23M West Cheltenham transport improvement scheme completed

9 June 2022
Share
The Business Magazine article image for: Landmark £23M West Cheltenham transport improvement scheme completed

A landmark £23 million transport scheme in Cheltenham has been revealed.

This week GFirst LEP, Gloucestershire County Council, Atkins Ltd, Alun Griffiths Ltd, Knights Brown Construction Ltd and Cheltenham Borough Council came together to formally mark the completion of the Scheme.

In February 2017 the GFirst LEP successfully secured £23.6 million of Growth Deal funding from central Government to deliver the West Cheltenham Transport Improvement Scheme (WCTIS), the LEP’s largest investment project to date.

This significant investment was committed to accelerate the release of employment land to house the Cheltenham Cyber Business Park whilst also reducing congestion on the A40 corridor and supporting cycling and walking along the route.

The £23.6m Growth Fund investment will leverage in tens of millions of further investment from both the private and public sector to create Cyber Central UK, “the home of UK Cyber Technology” and the wider Golden Valley Development. The development is expected to eventually support over 11,000 jobs and will deliver 4000 new homes.

David Owen CEO of GFirst LEP, said: "This investment of £23.6million is the largest of all our project investments and has funded the necessary road infrastructure to deliver this ambitious scheme for the county. Cheltenham is internationally recognised as the 'cradle of cyber innovation for the UK'.  The cyber-tech sector even prior to the COVID-19 pandemic offered the county huge potential, but moving forward, the sector will be even more important. To see this project delivered on time and in budget shows the power of collaboration and the hard work of all our project partners.”

Tim Atkins, Managing Director Place and Growth at Cheltenham Borough Council said: “These critical infrastructure improvements are the first major step in the Golden Valley Development, enabling the delivery of the National Cyber Innovation Centre at the heart of its first phase. In particular, the work done to improve journeys for active transport users will be invaluable as part of the Golden Valley Garden Community we will build here in west Cheltenham. This project has come about through a fantastic collaboration between the councils, GFirst LEP and private developers which demonstrates how we can achieve outstanding results by working together.”

Councillor Mark Hawthorne, Leader of Gloucestershire County Council said: “Completion of this vital scheme by the county council is a real milestone for Gloucestershire. I’m grateful for the support of GFirst LEP and to our highways teams, partners Atkins, and our contractors, Knights Brown Construction and Alun Griffiths for their hard work in delivering this project which will be a massive boost for the economy, jobs the environment and cycling and walking.”


Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.

Related topics

Related articles

Latest Deal Ticket

view more
Business consultants Magnetic (London)
have been acquired by
Management consultants Newton Europe (Oxford)
May 2024
UNDISCLOSED
Who's behind the deal?

Upcoming events

view more
06
Jun

South Coast Property Awards 2024

Hilton Southampton
Utilita Bowl
More info
12
Jun

Leadership Roundtable: Developing strategies for financial returns over the next decade

Herrington Carmichael, Farnborough Aerospace Centre, GU14 6XR

More info
09
Jul

Leadership Roundtable: Opportunities and challenges in the Care Sector

Herrington Carmichael
Farnborough Aerospace Centre, GU14 6XR
More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
23
Jul

Leadership Roundtable: Search Fund Exits & Acquisitions

Shawbrook Bank
9 Appold Street, London EC2A 2AP
More info
26
Sep

Thames Valley Property Awards 2024

Ascot Pavilion
Ascot Racecourse
More info
03
Oct

South Coast Tech & Innovation Awards 2024

Hilton Southampton
Utilita Bowl
More info
07
Nov

Thames Valley Deals Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
21
Nov

Hampshire Business Awards 2024

Farnborough International
Exhibition & Conference Centre
More info

Related articles

Group Companies

Dorset BIZ NewsHampshire BIZ News