With more and more companies choosing to base themselves in Cambridge, the future of this fantastic city is looking even brighter right now following the unveiling of some formidable investment plans for the city.
The Cambridge News reported today that Cambridge is set for huge future investment, with three new train stations planned for Addenbrooke’s, Cherry Hinton and Fulbourn, as well as £750m city deal projects to fuel a Cambridge public transport revolution.
These plans would help transportation around the city, which would naturally have a big impact on Cambridge based businesses; by making it easier for people to get to work it would open up opportunities for many to join companies that were previously impractical for them to get to. These plans demonstrate the pivotal role that Cambridge plays within the country’s economy and how it is set to grow and grow in the future. This positivity is sure to attract more and more of the very best roles and candidates to the city, which is great news for the local job market.
The article in the Cambridge News went on to read:
The city’s bus and train networks could be completely overhauled within years as the stars align on a number of different projects.
The News today reveals for the first time all of the £750 million of schemes currently being considered for delivery under the landmark City Deal.
And it combines this with further schemes earmarked in the county council’s long term transport strategy.
This includes three new train stations – at Addenbrooke’s, Cherry Hinton and Fulbourn – as well as the delivery of east-west rail and a series of other improvements to the local railway infrastructure.
“Public transport infrastructure is rightly very much the priority of the City Deal schemes,” said City Deal assembly leader Cllr Tim Bick.
“This high level of public investment will need to be accompanied by an ever stronger partnership with operators to ensure it results in improved services and improved network which the traveller is chiefly concerned about.”
The City Deal could see as much as £500m of public money devolved to Cambridge to help tackle barriers to growth, notably transport and housing, over the next 15 years.
But politicians and business groups have urged Whitehall to give the city more power.
Cllr Lewis Herbert, City Deal executive board chairman and the leader of Cambridge City Council, said: “What Cambridge really needs is for the new Government to free up the City Deal partnership to plan, consult and spend the whole next ten-year £300m funding package in a single integrated hit – not be limited to the current first five years £100m ration, before we have to go back with forms filled in before obtaining the next funding portion.
“In addition, we need a single list of the essential wider Cambridgeshire road and rail projects, agreed and costed by the councils, to then discuss with all our local MPs, particularly our three new and determined Cambridge area MPs and our local enterprise partnership.
“As a united team, we have the best chance to win Whitehall funding for the strategic rail and road priority investments, justified by generating extra Treasury income from growth and far reaching benefits to the UK as well as to local residents and businesses.
“We need a sea change from the recent pattern of sporadic and often delayed local transport investments by Government, so that infrastructure matches growth and badly needed environmental improvements rather than blocking them both.”
A spokesman for business group Cambridge Ahead also said the city’s housing and transport problems were the key issues to solve.
He added: “We believe that even more can be done if Greater Cambridge receives more powers and control of funding from Government.
“We also want to see a new structure for local government that is more unified than the current two-tier arrangements.
“We want Government to go beyond the City Deal and devolve further, along the lines the Chancellor set out in his comments on devolution last week.
“With these changes in place, our city can build on the remarkable economic success it has generated over recent decades, whilst retaining the quality of life that allows us to attract the very best talent across the globe to work in our cutting-edge industries.”
The 74 page transport strategy has been described as Cambridgeshire County Council’s wishlist were it to have unlimited funding for transport measures.
Last week the News examined the potential highways improvements outlined in the plan.
The strategy was formally adopted this week after months of consultation and amendments and will support the county council’s bids for external transport funding.
It is linked into mitigating an anticipated 98,500 new homes planned across Cambridgeshire and Peterborough over the next 20 years.
“It’s a strategic document and it takes in broadly all the issues and challenges facing the area, particularly housing growth, and it looks at the transport interventions we believe are needed on the back of that,” said county council transport chief Bob Menzies.
“You have to have a degree of ambition in these documents, but I would hope to deliver as much of it as possible in the time period.
“Stuff has come and stuff has gone over the years. A few years ago we were looking at what might happen with congestion charging.
“A lot of the same type of infrastructure is in this plan, but in terms of stuff going actually going on, such as the City Deal and rail in particular – the renaissance in rail over the past 20 years is really quite extraordinary – and the A14 work, I would say there has probably never been so much stuff actually happening.”
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