Chancellor’s autumn statement: good news for Cambridge

by Councillor on 

Hidden away in the Chancellor’s autumn statement it says:

’1.235 The government is committed to delivering with Greater Cambridge their proposals on Gain Share a payment by results mechanism whereby the local area will be able to keep a larger proportion of the proceeds of economic growth generated in, and around, the city of Cambridge. This recognises the growth potential that exists in Greater Cambridge and will drive economic growth and accelerate transport and housing infrastructure by unlocking over £1 billion of investment.’

This is the ‘City Deal’ and will enable CCC,SCDC and the City to gain access to about £1.5 billion to invest in infrastructure. It requires the three authorities to work together.

Histon & Impington is included in the geography covered by the City Deal and we can expect that some of the money will come in our direction to improve bus services, improve cycle routes and to enable better traffic flows.

Original article