Growth Deals, through the Local Growth Fund, provide funds to Local Enterprise Partnerships (partnerships between local authorities and businesses) for projects that benefit the local area and economy.
Cornwall and the Isles of Scilly Local Enterprise Partnerships has successfully secured £78.23m Growth Deal funding, through three separate awards;
Cornwall and Isles of Scilly Local Enterprise Partnership were awarded funding based on the expected benefits that the investments will achieve. They are;
· 5,726 Jobs
· 7,000 Homes
· Leverage £264m public and private sector investment
A list of contracted Growth Deal projects is provided below.
For further information please click here. Please note that only contracted projects are shown.
Growth Deal 1
A38 Cornwall Gateway: Growth Deal contribution: £5.535m
The scheme will provide improvements to Carkeel Junction that will deliver benefits to Cornwall's connectivity with the UK and accelerate new employment and housing development in Saltash. Current Status: Construction was completed in November 2017.
Newquay Growth Area: Growth Deal contribution: £2m
The scheme will support access to Cornwall and the Isles of Scilly's Enterprise Zone at Aerohub at Newquay Cornwall Airport, and housing and employment in the Newquay Growth Area through delivery of transport improvements along the Newquay Strategic Route. Current Status: Construction of a new roundabout and improved bus stop were completed in November 2016.
Falmouth Gateway: Growth Deal contribution: £769k
The scheme will deliver improvements including a new roundabout junction to unblock a key pinch point on the highway network that will accelerate housing and employment growth in support of Cornwall's strategic education and employment sites. Current Status: Construction was completed in April 2018.
Bodmin Cornwall's Cycling Town: Growth Deal contribution: £6.022m
The scheme will provide improvements to the extensive walking and cycling network in Bodmin to accelerate growth in the local economy and create a more sustainable travel pattern. Current Status: Construction was completed in November 2017.
Truro Western Corridor: Growth Deal contribution: £4.571m
The scheme will accelerate housing and job growth along a key corridor into Truro, through capacity improvements at Threemilestone roundabout and the delivery of critical walking and cycle links along the Western Corridor. Current Status: Construction is due to complete by May 2018.
Night Riviera Sleeper Service: Growth Deal contribution: £8.2m
The scheme will bring improvements to the Night Riviera Sleeper Service including increased capacity, upgraded sleeper berths, a lounge area and space for bicycles and surf boards. This is part of a package of projects supported by Government that will see the Train Care Centre for maintenance of the Sleeper Service relocated to Penzance. Current Status: New service in operation from March 2018.
Train Care: Growth Deal contribution: £6.344m
The scheme will deliver the relocation of heavy maintenance facilities from Old Oak Common to Penzance, including maintenance, re-fuelling and interior cleaning of rolling stock. The relocation will result in new employment and training opportunities and job safeguarding in Cornwall, and provide a facility to maintain additional rolling stock required for half hourly mainline services. Current Status: The relocation completed in December 2017.
Mainline Signalling: Growth Deal contribution: £3.2m
The scheme provides local investment in rail infrastructure to allow half hourly mainline services. The alignment of signalling improvements with Network Rail equipment upgrade ensures that development costs can be shared, offering delivery and efficiency savings. Current Status: Construction work will be completed in December 2018.
Bus Network Improvements: Growth Deal contribution: £8m
The scheme brings a package of improvements to the bus network, including new vehicles, bus stop improvements and integrated ticketing to facilitate the access to employment, skills and services required by a growing economy. Current Status: Construction and purchasing will be completed in December 2018.
West Cornwall Transport Interchange: Growth Deal contribution: £5.166m
The scheme creates a new bus rail interchange including improvements to the A30 junction, Parkway Station and refurbished and improved passenger facilities. Current Status: Construction will be completed in October 2018.
Growth Deal 2
Cornwall Mainline: Growth for Business: Growth Deal contribution: £2.415m
The scheme will deliver sleeper lounges and changing facilities at Truro and Penzance stations and re-modeling of the First Class Lounge facilities to support the Night Riviera project, resurfacing of Truro station car parking and canopy at Penzance station, as well as installation of WiFi access on the trains and across 35 Cornish stations. Current Status Construction is expected to complete in May 2018.
Truro: Housing and Employment Link: Growth Deal contribution: £1.012m
The scheme provides seven new high quality single deck vehicles, linking the two Park and Ride sites across the City; and bringing additional capacity on the sustainable transport network supporting strategic housing and employment growth north of the western corridor. It completes the supporting infrastructure on the Western Corridor achieved through Growth Deal 1 investment. Current Status: Construction completed in June 2015.
Bodmin: Callywith: Growth Deal contribution: £1m
The scheme delivers a new roundabout junction at termination of the A30 to allow access to the Callywith Gate development area. Additional benefits are speed reduction on Launceston Road and upgraded walking/Cycling facilities linking residential and employment areas in North Bodmin. Current Status: Construction completed in December 2017.
Redruth: Strategic Employment Growth: Growth Deal contribution: £4.956m
The scheme provides improved permeability of A3047 between Tolgus Place and Blowinghouse roundabout, including improved walking and cycling facilities and a new gateway junction improvement into Redruth. Benefits include unlocking of housing and employment land linking with the high quality masterplanned site on the old brewery, and linking with the Kresen Kernow archive and the Krowji arts centre. Current Status: Work is progressing to plan and construction expected to complete by 2020.
Superfast Broadband Extension: Growth Deal contribution: £1m
The scheme will build on the successful Superfast Cornwall Programme, which took Cornwall and Isles of Scilly from 95% to over 99% fibre broadband connected, cementing it as the best connected rural place in the UK. Funding is aimed to upgrade more than 7,000 of the slowest 16,000 sub-15Mbps premises remaining in Cornwall at the end of 2017. The target was reached in December 2017. Current Status: Evaluation is ongoing and the project is expected to close in July 2018.
Growth Deal 3
For further information on the Growth Deal 3 appraisal process, please click here.
Deep Space Communication: Growth Deal contribution: £8.4m
The scheme will see ESA working with Goonhilly Earth Station to upgrade one of its largest antennas to meet the high-end performance and technology requirements needed by ESA, NASA and private space exploration companies for deep-space communications including missions to the Moon and Mars. This will make a significant technical and economic contribution to European efforts in global space exploration and bring jobs and investments to Cornwall. Current Status: Project started in April 2018.
Hall for Cornwall QuayWorks: Growth Deal contribution: £2m
The scheme will deliver a Creative Tech Hub, co-located within the newly refurbished Hall for Cornwall within the Back Quay area of the building, featuring offices, meeting space and circulation space. The new workspace will be used to support post graduates, new talent and start-up businesses to create a new cluster within the digital and creative economy. Current Status: Construction due to commence Summer 2018.