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]