Northampton enterprise zone gets £7m boost

An enterprise zone in Northampton has been awarded £7m to boost economic activity and create jobs.

The town's Waterside Enterprise Zone has been awarded the cash by the South East Midlands Local Enterprise Partnership. The money comes from the Government's Growing Places Fund.

Nationally, the Growing Places Fund will provide £500m to enable the development of local funds to tackle infrastructure issues, promote economic growth and create jobs and new homes.

Final decisions about how the money will be spent are yet to be taken but the cash could support three key projects:

  • A £2m investment to improve traffic flow around St Peter’s Way
  • Site investigation work to improve the condition of land on one of the key Enterprise Zone sites at Sixfields
  • Buying land from local landowners in areas of the Enterprise Zone not in public ownership to enable more development.

Cllr David Mackintosh, Leader of Northampton Borough Council, said: "The funds will... unlock the massive potential that the area has to bring jobs to Northampton.”

Money from the Growing Places fund has to be repaid but is then reinvested in further projects.