Buckinghamshire’s Local Transport Body allocates £8.3m for two new economic growth schemes

Buckinghamshire’s Local Transport Body (LTB) has announced it is allocating £8.3 million to support future growth across the county.

The funding, from the Department for Transport, will be spent over the coming four financial years on two projects supporting economic growth:

• Advancing Aylesbury’s urban stretch of Stocklake Link Road.
• Highways support for High Wycombe’s reserve development sites.

Both projects support Buckinghamshire Thames Valley Local Enterprise Partnership’s (BTVLEP) strategic economic plan (2012 to 2031).

Announcing the allocation, LTB member and Buckinghamshire County Council Leader Martin Tett said: ‘New growth needs new infrastructure so that our county continues to thrive. Allocating these funds to emerging growth areas shows our continued commitment to stimulating the local economy for the benefit of residents and businesses.‘

Stocklake urban link road project gets £2.1m in 2015/16 to enable its early completion alongside the Eastern Link Road to achieve economies of scale by combining commissions and project management costs.

The remaining £6.2m supporting road building and improvements relating to High Wycombe’s reserve sites – land on its periphery identified for new homes, jobs and amenities – will come over two years from 2017 to 2019.

Buckinghamshire LTB will be working closely with BTVLEP to deliver on the economic growth and vision set out in its strategic economic plan.