Issue - meetings

Cheltenham Cyber Business Park – Transport Mitigation and M5 Junction 10 Business Case Development

Meeting: 10/10/2018 - Cabinet (Item 6)

6 Cheltenham Cyber Business Park – Transport Mitigation and M5 Junction 10 Business Case Development pdf icon PDF 122 KB

To receive an update on transport improvements scheduled for West of Cheltenham and at Junction 10 of the M5 Motorway.

 

Decision:

Having considered all of the information, including known proposals, alternative options and reasons for the recommendations, Cabinet noted the report and

 

RESOLVED to:

 

(1)  Approve that the County Council becomes project promoter of the £22M Growth Deal 3 allocation for the Cheltenham Cyber Business Park transport mitigation package;

 

(2)  Approve the use of the £3.3M Growth Deal funding the County Council has already received from Government via a s31 grant to progress the preparation of the scheme business case(s) for the Cheltenham Cyber Business Park ahead of the formal funding by the GFirst LEP Board;

 

(3)  Note that a further £550K will be required during 2018/19 on the development of an Outline Business Case (OBC) for the M5 Junction 10 Housing Infrastructure Fund (HIF) bid submission to Homes England by the deadline of 1st March 2019;

 

(4)  Recommend to Council that up to £275K is allocated from the A417 Missing Link Reserve to fund the OBC for M5 Junction 10, should the County Council fail to obtain funding from the Homes England bid.

 

 

Minutes:

Cllr Lynden Stowe, Cabinet Member for Economy, Skills and Growth, updated members on the allocation of government funding awarded to progress the Cheltenham Cyber Business Park Transportation Mitigation package. These included transport improvements to the road network west of Cheltenham and Junction 10 of the M5. 

 

In presenting the report, Cllr Stowe sought authorisation for officers to invest in the development of an outline business case for the M5 Junction 10 Housing Infrastructure Fund submission bid. He also sought approval for the use of up to £275k from the A417 Missing Link Reserve, should funding from the Homes England bid not succeed.

 

Cllr Stowe described the proposals as ‘top priority’ and thanked the MP for Cheltenham, Alex Chalk, for encouraging local support and for maintaining the momentum at central government for two of the largest infrastructure projects for Gloucestershire. He confirmed that the decision related to many of the challenges identified by the 2050 Vision initiative, and would help create local employment and provide additional housing.

 

Cllr Stowe thanked Commissioning Director: Communities and Infrastructure, Nigel Riglar and the members of his team for their commendable work in moving the investment forward.

 

Cabinet members spoke in support of the proposals and, having considered all of the information, including known proposals, alternative options and reasons for the recommendations, noted the report and

 

RESOLVED to:

 

(1)  Approve that the County Council becomes project promoter of the £22M Growth Deal 3 allocation for the Cheltenham Cyber Business Park transport mitigation package;

 

(2)  Approve the use of the £3.3M Growth Deal funding the County Council has already received from Government via a s31 grant to progress the preparation of the scheme business case(s) for the Cheltenham Cyber Business Park ahead of the formal funding by the GFirst LEP Board;

 

(3)  Note that a further £550K will be required during 2018/19 on the development of an Outline Business Case (OBC) for the M5 Junction 10 Housing Infrastructure Fund (HIF) bid submission to Homes England by the deadline of 1st March 2019;

 

(4)  Recommend to Council that up to £275K is allocated from the A417 Missing Link Reserve to fund the OBC for M5 Junction 10, should the County Council fail to obtain funding from the Homes England bid.