Corby’s Northern Orbital road has today (Thursday, November 14) been given the green light, thanks to a £3.85m awarded by South East Midlands Local Enterprise Partnership (SEMLEP) from its Growing Places Fund (GPF).
The loan has been awarded to Bela Partnership to enable the Corby-based developer to build a 1,400-metre dual carriageway and roundabout to connect a dead end to Phoenix Parkway and the major highway network to the north and west of Corby.
Clive Faine, Chair of SEMLEP’s Growing Places Fund advisory group, said: “Funding is being strategically targeted at projects that are transforming previously idle areas into prime economic sites bringing new businesses and jobs as part of our partnership commitment to ensuring that the South East Midlands continues to attract the investment and companies that will keep it competitive on a world stage.”
Norman Stronach, chief executive of Corby Council, welcomed the news.
He said: “Thanks to SEMLEP’s Growing Places funding, Corby’s growth and regeneration can continue at pace and the Northern Orbital will enable us to build yet further on the huge improvements we have made in the last 10 years.
“Corby is a place of both ambition and growth and we are delighted to have been approved for this vital Growing Places funding which will prove instrumental in supporting the town’s growth.”
The Northern Orbital is vital to the Priors Hall Park development, now the biggest construction site in the UK, and to the continued growth of Corby.
Housebuilders Barratt, David Wilson, Francis Jackson, Hunter Homes and Taylor Wimpey, are now all on site and the plan is to build homes at the rate of up to 400 every year for the next 15 years.
Alfred Buller of Bela Partnership, said: “I applaud the management of SEMLEP in appreciating and understanding what has been achieved to-date and how important this piece of funding is to completing the vision towards the town’s future whereby we will have some very exciting motor-related employment platforms available.
“It is the biggest development site in the UK now, if not Europe. Corby has worked hard over the last 10 years by rebuilding five schools and we now have a young workforce which is bright and hungry for their future.
“Corby is a very exciting place to put your business.
“It has been a difficult few years in Corby due to the economic slow-down, but the support of the Homes Community Agency with Get Britain Building, as well as SEMLEP and NEP have been critical to the amount of activity currently going on at Priors Hall.”