SCR fund opens up growth at M1
One of the biggest-ever infrastructure schemes in the Sheffield City Region (SCR), which is set to underpin massive jobs growth, is already attracting businesses and opening up a major gateway to development.
The SCR investment in the ambitious £55million plan to open up and develop the Dearne Valley A61/6195 Growth Corridor is a top priority for the region’s economic body in its drive to bring investment and jobs into the region, and to improve connectivity to the wider Northern Powerhouse.
It has worked in partnership with Barnsley Metropolitan Borough Council, the scheme promoter, and alongside the Barnsley Property Investment Fund, which has been designed to stimulate the development of commercial sites and attract new businesses to the borough.
The first £8.9million phase of the SCR’s Local Enterprise Partnership investment has made key improvements to the Corridor’s link to Junction 36 of the M1. This phase includes a dedicated lane from the M1 slip road, preventing queues backing onto the M1 at J36, cutting local traffic jams, and improving bus journey times.
The infrastructure work massively improves access to development sites, enabling wider development to take place and in turn unlocking jobs growth. Later phases will build on this work, with the SCR currently having approved up to £15million in funding.
And already the SCR backing, with another £40million put into the Barnsley Council scheme by the private sector, has seen three major investors expand in the area. They are Talurit UK Ltd, part of the Swedish Talurit Group, which has made a £3million investment in a new building; global healthcare manufacturer Esco which has taken premises four times larger than its previous building, and the Environment Agency. The units were the first to be built with help from Barnsley Council Property Investment Fund.
Meanwhile, the SCR has put forward an area at Junction 36 as a potential logistics hub for the Heathrow Airport third runway expansion. If successful, it could be one of four UK sites to pre-assemble components before transporting them to Heathrow.
Sir Nigel said today: “The success the Sheffield City Region has seen with international businesses moving into the region was a very persuasive case for the LEP to invest in these junction improvements. The funding we have provided not only makes it much easier for business here, it unlocks a larger picture, encouraging economic growth and enabling the housing we want.
“That’s what the LEP is about – a pragmatic approach to getting on with what needs to be done. The SCR will create a foundation for decades of future development.”
Mr Michaelson added: “The effect of developments such as this is profound and long term. It supports the sustainable growth that is needed to transform local economies, and as one of the largest property and regeneration companies in the North, that is at our heart.
“The Sheffield City Region is pursuing a strategic vision of economic growth and Harworth is delighted to have been one of the key partners in this project.”
David Shepherd, Service Director, Economic Regeneration at Barnsley Metropolitan Borough Council, said: “This is a scheme which has major significance. It’s not solely a traditional highways scheme to help ease congestion, this facilitates the wider economic regeneration and growth requirements for both Barnsley and the Sheffield City Region.
“Resolving the road infrastructure issues on the M1 J36 is critical to opening up the regeneration and growth of the whole Dearne corridor.
“Without the scheme, the economic regeneration of the area would halt – there would be insufficient capacity on the highway network.”
- Work has been carried out by Lumsden & Carroll Civil Engineering, part of Esh Construction, on behalf of Barnsley Metropolitan Borough Council.
- A new Greene King pub and units for KFC and Taco Bell have recently been completed at Junction 36. A further 1.63 acres of land is available for hotel, leisure, car showroom and drive-thru uses.
- SCRIF funding comes from the Government’s Local Growth Fund (LGF) which, by 2021, will have invested £12bn in 38 LEP areas across the country.