Town in the bidding to share £2bn fund

This Is Wiltshire: “While it is unlikely we will get everything that is certainly what we are hoping to achieve." - Council leader David Renard “While it is unlikely we will get everything that is certainly what we are hoping to achieve." - Council leader David Renard

THE final details of a bid which could bring millions of pounds of Government money to help Swindon’s infrastructure have been put together.

The Swindon and Wiltshire Local Economic Partnership, which is made up of representatives from Swindon Council, Wiltshire Council and local business, has spent the last few months putting together a proposal which identifies key areas of potential development.

In total the SWLEP has put together a bid just short of £300m, with the Swindon element consisting of just short of £130m and focusing on projects in and around the town centre, Wichelstowe and the Eastern Villages.

This bid will now be put to the Government as it competes with 38 other LEPs for a portion of a £2bn Government fund.

The next stage of the process is not yet known, but the decision on the level of funding is expected to be made before Parliament breaks for summer recess in July.

Council leader David Renard (Con, Haydon Wick) said: “It is a competitive process and once the bid is in we will begin a period of negotiation with the government against the other LEPs.

“At this stage we don’t know whether everyone will get something, with the best bids getting more, or whether a few bids will share the pot.

“While it is unlikely we will get everything that is certainly what we are hoping to achieve.

“If we only get a portion of the money then we have identified projects privately which will get priority.”

The list of projects has been designed to bring in significant portions of growth.

Part of the bid includes money to bring a higher education facility to Swindon as well as a Centre Of Excellence For Sustainable Technologies.

Key infrastructure around the Eastern Villages is also on the list, such as improvements to the A420 and the White Hart junction, as well as the western exit of the Wichelstowe development.

If successful, the Government money will only make up a portion of the overall cash required, with other sources identified, including section 106 money and private funds.

Coun Renard said: “We have to demonstrate each area will bring economic growth.

“If we were to get everything it would be a huge boost to Swindon and the rest of the borough. If we are successful then it could lead to a lot of growth and when we get the money we are keen to get going.”

Comments (5)

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10:18am Fri 28 Mar 14

Even Angrier Monkey says...

No Thamesdown Drive extension money?
No Thamesdown Drive extension money? Even Angrier Monkey
  • Score: 0

12:44pm Fri 28 Mar 14

A.Baron-Cohen says...

Fail
Fail A.Baron-Cohen
  • Score: -5

1:18pm Fri 28 Mar 14

house on the hill says...

If they managed their money better, stopped wasting it on stupid projects and got rid of the dead wood staff and dragged their working practices into the 21st century they wouldn't need a grant!
If they managed their money better, stopped wasting it on stupid projects and got rid of the dead wood staff and dragged their working practices into the 21st century they wouldn't need a grant! house on the hill
  • Score: 2

4:16pm Fri 28 Mar 14

anotherimigrant says...

house on the hill wrote:
If they managed their money better, stopped wasting it on stupid projects and got rid of the dead wood staff and dragged their working practices into the 21st century they wouldn't need a grant!
Never a truer word put on this blog site.
[quote][p][bold]house on the hill[/bold] wrote: If they managed their money better, stopped wasting it on stupid projects and got rid of the dead wood staff and dragged their working practices into the 21st century they wouldn't need a grant![/p][/quote]Never a truer word put on this blog site. anotherimigrant
  • Score: 1

10:36pm Sat 29 Mar 14

Eastern Badger says...

Was this whole article not about securing funding for growth? They are not likely to get much, if any and if so the Planning Committee should not approve further growth - simple concept should be no money on table - no housing and employment growth. Trouble is that requires some politically unsigned-motivated decision making.

Thamesdown drive was the same - short term view - if developments are planned over 15 years then S106 obligations/contribu
tions should be available for the same period.
Was this whole article not about securing funding for growth? They are not likely to get much, if any and if so the Planning Committee should not approve further growth - simple concept should be no money on table - no housing and employment growth. Trouble is that requires some politically unsigned-motivated decision making. Thamesdown drive was the same - short term view - if developments are planned over 15 years then S106 obligations/contribu tions should be available for the same period. Eastern Badger
  • Score: 0

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