A £79 million package of Government funding, including £600,000 for a new link road in St James, was signed off by the Universities and Science minister Greg Clark today.
During an event in Milton Keynes, Mr Clark and Dr Ann Limb, chair of the South East Midlands Local enterprise Partnership (SEMLEP) put pen to paper on an agreement that will pay for 10 transport, infrastructure and skills projects in the region.
In Northampton, £600,000 will be used to join up St James Mill Road to Towcester Road, reducing congestion near the St Peters Way roundabout.
A total of £6.5 million will also be used to build a new Northampton College campus in Daventry town centre to focus on giving students skills that meet the needs of local employers. The new campus is set to create 70 jobs.
Other schemes that have received funding via SEMLEP’s growth hub called Velocity, include Towcester Racecourse, which was given £50,000 to help fund its new greyhound track.
Mr Clark said: “It is great to be signing this growth deal.
“I has long been my belief that people living an working in an area know what opportunities and blockages there are rather than someone in Whitehall.
“The more we can put decision making out of the hands of central Government and into the hands of local people, the better.”
The money given to SEMLEP will be spent during the 2015/16 financial year. Dr Limb said she was in the process of finalising the details of the Government funding package for 2016/17, which contained some more “significant investment” for projects in the Northampton area.
Dr Limb said: “The St James Mill Road will make a massive difference to the Northampton enterprise zone.
“The new road will help deliver all the other new projects such as the new railway station and university campus.”
On the new Northampton College campus in Daventry, Dr Limb said: “Northampton College is really important for Daventry and it is important to provide the right skills for the next generation of workers.”