Corporate, HP, Improving our roads, Stregthening our economy

Multi-million pound funding welcomed

Surrey County Council deputy leader Peter Martin (far right) with Communities Minister Penny Mordaunt at a meeting to seal Surrey’s funidng. Click image to download

Surrey County Council’s deputy leader has welcomed multi-million government funding as another step towards unlocking long-term economic growth.

Around £9 million will go to Surrey schemes that boost businesses, improve transport links and better protect homes following a Government announcement about local Growth Deals through local enterprise partnerships (LEPs).

The funding is part of the second round of the deals and includes £2m for a project that forms part of the River Thames flood defence scheme just weeks after seven councils whose residents and businesses were affected by floods called for contributions from LEPs.

Funding for roads in Guildford and Camberley and town centre improvements in Oxted, Caterham, Leatherhead and Epsom were also included while a project to regenerate Addlestone town centre has secured a £34m loan.

Further details can be found on the Enterprise M3 and Coast to Capital LEP websites.

Peter Martin said: “With Surrey being key to powering the national economy forward, this money is welcome but we know how much more can be done to drive growth, create jobs and provide communities with better services if we are given the freedoms and powers to harness the county and this area’s potential for the benefit of the nation.

“This funding certainly marks another step in that direction and we look forward to ministers working with councils and LEPs to more thoroughly recognise what we can achieve together to support economic growth both here and across the country.”

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