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GBC secures further funding for growth

31/01/15 18:15:09

Guildford Borough Council announced on 30 Jan.2015 that is to benefit from funding towards the Clay Lane Link Road, following news that the Enterprise M3 Local Enterprise Partnership (LEP) has secured capital funding as part of the multi-million pound expansion of the Government’s Growth Deals. The £29.9million of funding is from the Government’s Local Growth Fund plus £42million in loans from the Public Works Loan Board. The funding will be used to support 14 infrastructure projects across the Enterprise M3 area, including stage 2 of the proposed Clay Lane Link Road.

Cllr Matt Furniss, Lead Councillor for Transport, Infrastructure and the Environment, said: “We are delighted that the LEP has secured this funding for Guildford. It will enable us to continue exploring the scope for the Clay Lane Link Road, that will benefit residents by helping to aid the traffic flows around Guildford, and which is a key infrastructure project for our borough. We will continue to engage with local residents and businesses to establish the most effective alignment for the road and to address the issues relating to traffic movements, flooding and environmental impact. The investment recognises the importance of Guildford to both our local economy and the national economy as a whole.”  ( Note :The level of funding for the Clay Lane Link Road is yet to be finalised )