Following a successful bid by the Solent Local Enterprise Partnership, the Government has announced a multi-million grant for essential public investment in infrastructure to upgrade the waterfront road within the Enterprise Zone.
Communities Secretary Eric Pickles added: “Enterprise zones are at the centre of our long-term economic plans to build a stronger, more competitive business environment and a better future for Britain.
“This funding will give these areas the infrastructure they need to attract more investment, support the growth of local businesses and create up to 3000 jobs for hardworking people across the country.”
The funding will be used to:
- Upgrade the main access road serving the southern third of the Enterprise Zone at Lee known as the Gosport Waterfront
- Unlock the development potential of 15,000 sq m of land across three sites in the area through the provision of utilities and services
- Provide spur road access into the development sites
Gary Jeffries, Chairman of the Solent Enterprise Partnership, said: “This is excellent news for the Solent Enterprise Zone and the wider area.
“Significant construction work is already underway on the Solent Enterprise Zone and this enables us to start work on a new area – the Gosport Waterfront.
“The grant from DCLG will unlock this area’s considerable potential by enabling us to invest public money in critical infrastructure and make early progress in creating new commercial development, providing new local jobs.
“In the slightly longer term we will be seeking investment in a comprehensive redevelopment that presents an exciting opportunity for private sector investment in new businesses, leisure and in new homes.”