Millions of pounds are set to be ploughed into crucial infrastructure improvements across Oxfordshire’s roads next year in a bid to prepare the region for a huge increase in housing developments and population. The deal, which will unlock the development opportunity for around 100,000 new homes in the City region, is costing around £215m, but that secures Government support to build the much-needed homes.
It’s a big boost for infrastructure and housing in the region as the Oxford – Milton Keynes – Cambridge Corridor continues to unlock potentially transformational opportunities within the region – and we’ll be hearing more at our one-day conference in June – the Oxford Cambridge Corridor Economic Growth Conference.
The first year of the deal will focus on the infrastructure improvements, primarily on roads, with improvements to Botley Road, the corridor North of Oxford as well as access to Headington being a priority. With the priority being on creating the improved connectivity it’ll mean a delay in housing with just 414 of the homes being built in the first year, with 229 of those being affordable.
Once the improvements have been put in place the roads should allow for better access from development sites and ensure reduced congestion and traffic in those locations – and then the bulk of the housing projects can move ahead.
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