Cambridge: £6m Extra For New Station
12 December 2013, 06:00
A £6 million grant towards Cambridge's new Science Park Train Station is due to be announced by Nick Clegg later.
The Deputy Prime Minister will announce, as part of the City Deal, the Government will invest the money to improve infrastructure around the site of the proposed new railway station at Cambridge Science Park.
Nick Clegg will also be signing a Memorandum of Understanding alongside local council leaders, the University of Cambridge and business leaders, showing the government's commitment to a so-called 'City Deal' for Cambridge.
This 'City Deal' is designed to allow a higher share of taxes generated in and around the Cambridge area, stay within it.
It's claimed this could unlock around one billion pounds to spend on transport and housing in the greater Cambridge area.
The Deputy Prime Minister said: "Today I'll be laying the foundations for Cambridge's ambitious plans by committing to cut Whitehall ties and devolve power to Cambridge and the surrounding area.
This funding for vital infrastructure is a key part of letting the growth genie out of the bottle.
Ultimately, this is about harnessing your world class research, innovation and knowledge to create tens of thousands of jobs, help local businesses and boost the economy."
County Council Welcomes Extra Science Park Station Cash
The money towards the new Cambridge Science Park Station has been welcomed by Councillors.
The money will be spent on measures including cycle links and a busway route into the new station.
The Council says it ''remains committed to delivery of the station in 2015 and these works are an important first step.''
Cambridgeshire County Councillor Ian Bates, Cabinet Member for Growth and Planning, said: "This is very welcome news and shows the Government’s joint commitment with us to deliver this vital station for Cambridge.
Improving transport in this area will help the local economy and provide better links into Huntingdonshire, Fenland and the new Northstowe development.
Bringing forward this scheme has been a key priority for Cambridgeshire County Council to help reduce congestion, boost the economy and keep Cambridgeshire moving."