Link road boost for international investors
Business investment was given a boost this week as residents gave their overwhelming backing for a new link road. This is being seen as a firm step forward for the link road, which is expected to bring thousands of new jobs and millions of pounds of investment to the Sheffield City Region.
The Finningley and Rossington Regeneration Route Scheme (FARRRS) will see a new link road from Junction 3 of the M18 serve the south-east of Doncaster.
This news is expected to be well received this week by an audience of property investors and decision makers at MIPIM, the world’s largest annual property event, in Cannes, France.
James Newman, Chair of the Sheffield City Region LEP, is attending the event and letting investors know about the benefits of investing in the region. James said, “The new link road will greatly improve the Sheffield City Region’s connections with national and international markets, bringing thousands of new jobs and millions of pounds of local investment to the Sheffield City Region.
“Investors will be pleased to hear that the project is popular with local residents and that the scheme has taken this positive step forward.”
Daniel Fell, Deputy Chief Executive Officer at Doncaster Chamber of Commerce, said: “The Chamber worked closely with Doncaster Council and private sector partners to present the case to Government for Regional Growth Fund monies to build this transformational road.
“When we presented the bid to Ministers and Civil Servants we were able to evidence overwhelming private sector demand for the road – indeed over 550 firms across the City Region stated that the road would help their business to grow through new international trade and investment opportunities.
“It is excellent news that the scheme has also captured the imagination of local residents who can see the benefits of this investment for communities as well as the economy.”
Over 400 people came to the consultation events which took place during February and of the 211 completed questionnaires, 93% of the people supported the plans.
Feedback received from the consultation will be fed into a planning application which will be submitted in the spring. A decision on the application is expected summer 2012 and, subject to appropriate approvals, construction of the road will start later this year and be operational in early 2014.
As part of the ongoing development of the planning application, archaeological surveys are currently underway. Results from these on site surveys will also form part of the planning application.
Further information on the Doncaster Council led scheme is available at: www.doncaster.gov.uk/FARRRS