New Local Pinch Point Fund Investment
The Government plans to tackle congestion by investing a further £80 million in road improvement schemes, Transport Secretary Patrick McLoughlin has confirmed. The money will come from the Local Pinch Point Fund that is already supporting numerous other projects. The purpose of this initiative is to remove the bottlenecks that strangle economic growth by restricting the movement of people and goods. These delays, of course, can be very frustrating. Existing projects include widening roads, strengthening bridges and enhancing the provision for buses, cyclists and pedestrians, etc. As well as improving the road network, these efforts also boost the construction industry and its suppliers. So far, £25 million of the £80 million has been allocated to fifteen projects in England. Local councils now have until October 2013 to bid for the rest. The Local Pinch Point Fund – to which the government has now committed £215 million since March 2013 – is for schemes that can be delivered short term and have an immediate, positive, impact.
Patrick McLoughlin Discusses Local Pinch Point Fund
Transport Secretary Patrick McLoughlin explained: “Keeping traffic moving is vital to securing prosperity. By removing local bottlenecks and improving access to local development sites and communities, these schemes will help get people to and from work and power the economy. They also have the potential to help deliver new jobs and homes.” Mr McLoughlin added: “These schemes will help alleviate key local bottlenecks around the country making life easier for the thousands of motorists and businesses.”
Local Pinch Point Fund Projects
Local Pinch Point Fund money will be spent on the Reading A4 Eastern Gateway. Work between May and September 2014 will, therefore, relieve congestion/shorten journey times. All for 1.5 million, some of which will come from the local council. Furthermore, the Dunsbury Hill Farm Roundabout in Hampshire will be enhanced to reduce congestion and improve access to the Dunsbury Hill Farm Development. Work will commence in May 2014, finish in July 2015, and cost £5.3 million. Also, the Scrubs Lane Bridge in the London Borough of Hammersmith & Fulham will be strengthened between January and July 2015. It will then be able to support vehicles that weigh forty tonnes rather than eighteen. All for £3.3 million. There are also plans to install a signalling system at the roundabout close to the M1 Junction 37 (£2.0 million), widen the Decoy Industrial Estate Access Road in Devon (£2.65 million), and modify the M5 at Junctions 16/17 (£2.4 million).
The areas benefitting from a share of the £25 million allocated today are:
- Devon (two schemes)
- Blackburn with Darwen
- Hammersmith and Fulham
- South Gloucestershire