The UK government has announced four schemes in Newcastle, Cornwall, Greater Manchester and Southampton, which they claim will generate an estimated £659.3m in economic benefits for the regions through improved investment, new housing and employment opportunities.
The road and bridge schemes aim to level up infrastructure across the country, helping local economies thrive through bolstered employment opportunities, new housing developments and improving connectivity to incentivise business investment.
The four major road schemes, backed by a total of £160.8m investment, include:
Roads minister Baroness Vere said: “We are committed to delivering world-class infrastructure across all parts of the country which supports local economies to thrive. This £160.8m investment will level up those opportunities from the north east to the south west, while giving motorists, cyclists and pedestrians the modern, safe and uncongested roads they deserve.
“These schemes also present yet another important stepping stone towards cutting emissions and building a clean, efficient road network that is truly accessible to all. These schemes will also boost green travel opportunities through upgraded lanes and paths for cyclists and pedestrians to support low-emission, active travel, working towards the country’s net zero goals.”
Martin McTague, national chair of the Federation of Small Businesses (FSB), said: “Investment in local infrastructure projects is vital to improving connectivity across the country, reducing congestion and upgrading the roads that small businesses use on a day to day basis. Small firms and sole traders rely heavily on road networks to be accessible, efficient and safe. They are also looking to reduce environmental impact and improve the air quality in their local community – and so embrace green travel options when they are available. Our economic recovery relies on a solid transport system and this latest investment is a positive step in the right direction.”