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Investment planned to support growth and jobs

Published
16.03.2021

Gloucestershire County Council’s cabinet is being asked next week to approve the further development of the council’s Infrastructure Recovery Strategy (IRS).

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In March 2020, the Government announced that the county council’s bid to Homes England’s Housing Infrastructure Fund (HIF) to finance the upgrade of Junction 10 of the M5 had been successful.

The new junction will support areas identified for housing north and west of Cheltenham in planning policy documents such as the Joint Core Strategy. The junction will also open up employment land, boosting economic growth and providing more jobs, as well as helping to improve local roads for the benefit of the entire county.

The county council, in line with Homes England’s policy, is committed where possible to recovering funds from development sites that benefit from forward-funding and to producing an Infrastructure Recovery Strategy (IRS) to achieve this. This IRS would generate funds for future investment from developments benefiting from the M5 J10 Improvements Scheme.

The funds recovered will help to unlock additional housing elsewhere in the county by being used to invest in the necessary infrastructure such as improvements to roads and public transport.

Although currently focussed on M5 J10 the Infrastructure Recovery Strategy will also be used to recover funds from developments across the county in the future which benefit from Government funded infrastructure.

As part of the adoption process the county council recently consulted on the IRS so that responses can be fed into developing it for adoption by the council later in 2021.

If cabinet agree, a report on the recent public consultation will now be put together so the council can evidence feedback and adequately address the comments received. This will help strengthen the strategy, make sure it has been written openly and fairly and reflects the needs of the county council and its stakeholders.

Cabinet will also be asked to approve a competitive tender process so specialist advisors can be appointed to support the delivery of the IRS. This will allow the implementation of the IRS at the earliest opportunity.

Cllr Nigel Moor, cabinet member for environment and planning, said: “I will be asking cabinet to approve the continuation of the process to adopt the Infrastructure Recovery Strategy.

“This will give us a greater opportunity to recover funds for future investment to support employment and growth in our county through improvements to pavements, cycle ways and public transport, as well as roads.”

You can read the full cabinet report here.

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