A major Nottinghamshire road scheme, set to unlock development land for housing and business, will receive £7million in investment from the D2N2 Local Enterprise Partnership.
The planned £47million Newark Southern Link road will receive funding from the private sector-led partnership of businesses, local authorities, skills and training providers and community organisations, which aims to promote economic growth and create jobs across Derbyshire and Nottinghamshire.
The road will link the A46 near Farndon with the A1 near Fernwood. It is designed to ease traffic congestion and improve journey times along the Newark bypass by providing an alternative A46 to A1 route and a new River Devon crossing point.
The new road will also open up 278 hectares of land adjacent to the southern edge of Newark’s built up area. This area has planning permission for up to 3,150 houses, 2 retail and commercial centres, a 60 bed care home, 2 primary schools, community buildings, a medical centre, 50 hectares of mixed use commercial development and landscaped green community spaces.
Phase One of the Newark Southern Link road is already under construction, with contractor Buckingham Group Contracting onsite. Phase Two will begin next year, with the road due to be completed before March 2020.
David Ralph, chief executive of the D2N2 Local Enterprise Partnership, said: “Good transport connections are not only vital for business, they improve access to potential development land, which in turn makes those spaces viable for businesses and housing developers looking for opportunities.
“D2N2’s Local Growth Fund allocation provides an unprecedented opportunity for the area to fund a strategic approach to building the infrastructure needed to promote economic growth and create new jobs, which will benefit all our communities.”
The project is funded by the Homes and Communities Agency, developers Urban & Civic, Newark and Sherwood District Council, and D2N2.