Funding boost for two Thetford developments
A multi-million pound grant to a Thetford housing development and a Breckland Council fund for a new business park have both been announced this week.
Yesterday, the Government said it would be giving £9.9 million, as part of its Housing Infrastructure Fund, to the new 5,000-home Kingsfleet development on the outskirts of the town.
Sam Chapman-Allen, deputy leader of Breckland Council and chairman of the Greater Thetford Development Partnership, told BBC News: “Thetford is the gateway of Norfolk and
these homes will allow future employment and there’s a great need for them.”
The money will be used to connect power and water supplies to the site.
Also on Tuesday, Breckland Council agreed to put £150,000 of funding into the Thetford Enterprise Park (TEP), in Mundford Road, to get the business park up and running.
Town, Breckland and Norfolk county councillor Terry Jermy said: “Thetford Enterprise Park represents a significant opportunity to facilitate the creation of more than 1,000 well paid jobs. This is a huge opportunity for our community.”
The TEP was allocated for employment use in 1989 and has had its issues, including Morrisons who were going to build a supermarket on the site, pulling out in 2015.
But it is reported that the park could bring in 1,300 jobs, £46 million of private investment, and add £61 million to the local economy year-on-year.
Town mayor, district and county councillor Roy Brame, said: “This is something we all need to push in the right way, it is an opportunity for us to say this is the place to come and make us an even better Thetford.”