Investment
From 1 April 2024, the responsibility for LEP functions across the Enterprise M3 LEP region has transferred to Hampshire County Council and Surrey County Council.
The Enterprise M3 Board met for the last time in March 2024 and Enterprise M3 LEP is no longer operating as an organisation.
For any enquiries relating to economic development across the counties of Hampshire and Surrey, please visit the Hampshire County Council website and Business Surrey respectively.
Please note that Enterprise M3 LEP staff have transferred to Hampshire County Council to continue to deliver services and activities in Hampshire, including the Growth Hub, the Careers Hub, work on key business sectors, and trade and investment.
They can be contacted at economic.development@hants.gov.uk.
Investment
This scheme was designed to reduce congestion and delays and improve journey time reliability on the A340 North Basingstoke corridor, thus supporting access to jobs. The key outcomes were:
This scheme comprises two junction improvements on a 400m section of the A340 Aldermaston Road corridor on the northern edge of Basingstoke, in close proximity of several key development sites and the Basingstoke and North Hampshire Hospital. The scheme provided a comprehensive solution to several inter-related transport issues and constraints in this area, with key benefits including:
The scheme supported delivery of up to 1,500 homes, including at the Park Prewett Northern Area and Merton Rise, both adjacent to the A340. It will also help potentially unlock the Aldermaston Triangle site for development (approximately 150 houses). A local economic impacts tool has calculated a net increase of 48 jobs (plus an additional 50 construction jobs), 185 housing starts, and an additional £10m of GVA within the local economy as a result of the scheme.
Start date:
End date:
Amount financed: £3.34 million
Total cost: £4 million
Status: Completed
Project Lead: Kevin Travers
Themes: Places
Geo-location:
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