Local Enterprise Partnership awards £2m to Handy Cross
05 March 2012
Wycombe District Council has successfully secured multi-million pound investment towards the redevelopment of Handy Cross, a major regeneration project which is set to bring up to 1300 new jobs, more investment and economic growth to the area.
The Thames Valley (Buckinghamshire) Local Enterprise Partnership has announced that it will allocate £2m towards the project which is of major significance and benefit to the county.
The funding has come from the Government's Growing Places Fund, which is designed to generate economic activity in the short-term through addressing immediate infrastructure and site constraints to promote the creation of jobs.
The Handy Cross redevelopment project involves the creation of a regional coachway and park and ride terminal, alongside amenities which include offices, store, hotel and a new sports and leisure centre. The redevelopment is on part of the Wycombe Sports Centre site known as the M40 Gateway.
The provision of a high quality, sustainable office complex with a hotel on the remainder of the site will not only stimulate economic development and create new jobs in the area, but will help to enable improved sports facilities through cross financing.
By combining a new park and ride terminal with a regional coachway, one of the aims is to improve transport links between High Wycombe and the surrounding area, as well as within the town itself.
Cllr Arif Hussain, Deputy Leader of Wycombe District Council and newly appointed Vice-Chairman of the Local Enterprise Partnership said:
"This announcement is further endorsement of the work Wycombe District Council is doing to boost the local economy and provide a wide range of employment opportunities.
"The injection of funds will help us to be more innovative, productive and attractive for business as we focus on building the infrastructure that will sustain the area going forward.
"As we work in partnership to develop our plans to drive growth and create much-needed jobs, this £2 million will help us make the most of our county's economic potential.
"On behalf of Wycombe District Council, I would like to thank all the partners involved in helping to progress this project to date, including Buckinghamshire County Council, Buckinghamshire Business First, the Department for Business, Innovation and Skills and UKTI."