A large-scale development in Grantham could win a slice of cash from a £474 million fund that exists to support infrastructure projects, says Grantham MP Nick Boles.
According to a letter he received today (Wednesday), the Southern Quadrant has been shortlisted for money from the Government’s Local Infrastructure Fund.
A cash injection could give a substantial boost to the development, which includes 3,500 homes, schools, and medical facilities to be built between the A52 and B1174 to the south of the town. The plan would involve a new east west bypass for the town from Spitalgate level to the roundabout at the top of Somerby Hill.
Mr Boles said he is looking forward to “finally seeing some activity”.
He added: “I’m delighted that the scheme has been successful and made it on to the shortlist.
“The Government is determined to put money behind infrastructure schemes that unlock substantial housing developments and economic growth, and the Grantham scheme, which I’m a big supporter of, both for housing and the road, seems to be an absolute contender for this money.
“So I’m delighted that the Homes and Communities Agency has agreed and put it on the shortlist.”