– Edwin Booth, Chair of the Lancashire Enterprise Partnership
We reached this landmark deal because central government had confidence in our economic potential and our ability to deliver major projects, so it is great to have justified that confidence by being the first of the second wave of City Deals to physically start work.
By freeing Preston and the surrounding area from the shackles of the existing infrastructure we will enable the local economy to really take off and create the jobs and housing that we need.
This is a very exciting time for the Lancashire economy my as a whole."
– Councillor Peter Rankin, Leader of Preston City Council
We know that developers and businesses want to invest in Preston and we also know that there is demand for houses from families and professionals but we have been held back because of the lack of infrastructure required to give developments the go ahead.
City Deal will change all that and developments in North West Preston and East Preston are already moving forward.
This is the biggest thing to happen to Preston in decades and will ensure that we establish long term sustainable growth which will deliver, jobs, housing and higher living standards for local people.”
– Councillor Margaret Smith, Leader of South Ribble Borough Council
We already knew South Ribble was going places, and had great ambitions for the future.
Working with our friends and neighbours in this way makes us much greater than the sum of our parts, and the City Deal is a wonderful opportunity for us to accelerate our existing aspirations for the growth of our borough.
We will be delighted to welcome new employers and residents, and crucially, we have a plan in place for doing so while maintaining South Ribble’s rural nature.”
A £430m scheme to deliver economic growth, new jobs and homes in Lancashire was launched today.
The City Deal is a decade-long plan to create more than 20,000 new jobs and more than 17,000 new homes.
It aims to boost the local economy by £1bn and attract £2.3bn in commercial investment.
Work has already started on an £8m scheme to cut congestion on the A582, a key route into Preston.
This first phase will widen the road at its junction with Chain House Lane, to provide more lanes for traffic and make it easier for cyclists to use.
Later this month sees an upgrade for the A582 north of Cop Lane to a dual carriageway with improvements to the junction with Leyland Road.