Regeneration of Sheerwater gets a £9.3m boost

THE government is giving Woking Borough Council £9.3m to help pay for roads and other infrastructure needed for the Sheerwater Regeneration Scheme.

The money is coming from the Housing Infrastructure Fund (HIF), which is distributing a total of £866m to local authority housing projects across England which involve up to 200,000 new homes.

Woking’s request for funding was one of only two successful bids in Surrey which were announced by Housing Secretary Sajid Javid and Chancellor Philip Hammond.

A plan of the revised Sheerwater Regeneration Scheme, showing the increased open space requested by the borough council

Guildford Borough Council is the other winner in the county, receiving £10m to replace the Ash level crossing with a bridge, to reduce road congestion and make housing developments in the area more viable.

Woking’s bid was submitted to the HIF’s Marginal Viability Fund. Capped at £10 million per bid, the fund provides money to help allocate additional housing sites or speed up the development of existing sites.

The leader of Woking Borough Council, Cllr David Bittleston, commented: “I’m delighted that the council’s bid was successful. The bidding process was hugely competitive with the government receiving bids comprising almost £2 billion in value.

See 15th February 2018 issue for full report

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