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Council to decide on £3 million investment in Eastern Relief Road project

West Suffolk House ENGANL00120130105142248

West Suffolk House ENGANL00120130105142248

Leading councillors are to decide a £3 million investment in the much heralded Eastern Relief Road in Bury St Edmunds.

St Edmundsbury Borough Council’s cabinet is being asked to approve one of the last pieces of funding for the £15 million project on Tuesday September 2.

In return, the authority will receive either land, a share in the development profits or both.

The road, connecting Skyliner Way in Moreton Hall to junction 45 of the A14, will allow for the expansion of Suffolk Business Park onto 68 hectares of land which the council says will create upto 15,000 jobs.

It also paves the way for 500 new homes and a secondary school on Moreton Hall.

The project has received £10m from the New Anglia Local Enterprise Partnership and Suffolk County Council plans to contribute £2 million.

Cllr John Griffiths, leader of St Edmundsbury Borough Council, said: “Rather than merely loaning the money, we are considering investing in the success and the future of this project, achieving a healthy return in the process.”

A final decision on the funding will be made by the full council on Tuesday September 23.

 

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