Decision details

Approval is sought for local contributions for the addendum to the third tranche of schemes, for the 2016/17 Strategic Economic Plan (SEP) programme of EM3 and C2C LEPs. The Business Cases are due for submission during the winter of 2016/17.

The total estimated cost for these three schemes is £11.653m and we are seeking Local Growth Fund (LGF) contribution from the EM3 and C2C LEPs of £8.910m.

Approval is sought for County Council Economic Fund contribution of approximately £0.736m, for these schemes, of which £0.256m is funded from the Project Horizon budget. Therefore, £0.480m is new investment of direct Surrey County Council funding.

Partner contribution and S106 developer contributions are currently £2.007m, which could increase, as discussions are still in progress with partners. 

Detailed design of these schemes could commence during Q4 of 2016/17.

The three projects are as follows:

• A24 Epsom Town Centre Resilience (C2C LEP)
• A30 London Road Camberley (EM3 LEP)
• Wider Staines STP (phase 1) (EM3 LEP)

RESOLVED:

1.         That retrospective approval to submit a Business case for  Staines STP (Phases 1A and 1B) (EM3 LEP) be approved.

2.         That a business case for Leatherhead STP, subject to local contribution being made available be submitted.

Reasons for Decisions:

Transport infrastructure schemes are a key element of the Strategic Economic Plan (SEPs), submitted by the Local Enterprise Partnerships (LEPs) to Government in March 2014, which sets out how they will support the economic development and regeneration of their areas. The proposed schemes will deliver a range of benefits to Surrey’s residents including reduced congestion; improved journey time reliability; improved network resilience and safety and improved access for cyclists, pedestrians and buses, as well as enabling economic development and regeneration.

Under the funding arrangements, delivery bodies are required to provide a local contribution for the schemes, to reflect the local benefits that will be provided.

For the Leatherhead STP project, Mole Valley District Council is extremely supportive of the proposed scheme, and is committed to doing all it can to  identify local match funding.

[The decision on this item may be called in by the Economic Prosperity, Environment and Highways Scrutiny Board]