Rob Wilson MP has welcomed the Government’s allocation of £35.56 million to Thames Valley Berkshire Local Enterprise Partnership (TVB LEP), following a successful bid to the Local Growth Fund (Growth Deal 3).
This latest tranche of Government funding aims to deliver seven infrastructure projects across the area, concentrated on improving connectivity across Berkshire and further enhancing the region’s productivity.
For Reading, this means Government investment of over £13.5 million in Phase 2 of the East Reading Mass Rapid Transit (MRT) and Phases 3 and 4 of the South Reading MRT; both of which aim to improve access to and from Reading through increasing public transport capacity, thus reducing congestion on the highway network.
In addition, the Growth Deal funding will see the development of Reading, Bracknell and West Berkshire into a ‘Smart City’ tech-cluster.
Having actively supported TVB’s bid and lobbied hard on behalf of Reading East, Rob Wilson MP said: “I welcome the Government allocation of £35.56 million to help deliver projects across Berkshire, including three which are directly relevant to the improvement of connectivity and productivity within my own constituency.
“I was pleased to lend my full support to Thames Valley Berkshire LEP’s submission for Growth Deal funds relevant to Reading East. Our area is already forecast to be the fastest-growing in the UK over the next few years, but crucial to this is delivering the major transport infrastructure projects to boost business investment, drive economic growth and give Reading a real competitive edge.
“Our congested highways network remains a source of frustration for drivers, with average journeys taking 24% longer than would be the case on a free-flowing system. Whilst the Growth Deal funds will help alleviate this pressure, a Third Thames Bridge is essential for our sustained economic development and therefore remains my number one priority.”