Local MP Andrew Bingham has welcomed the announcement that the Government has stepped in to provide the final £2 million worth of funding for the Crescent project in Buxton.
Following lobbying from Andrew and others, the money will be delivered through the D2N2 Local Enterprise Partnership, and has been made available as part of the Government's Growth Deal funding.
Growth Deals bring together government funding for investment in infrastructure, housing, and other projects and put it in a single pot, which is placed in the hands of local authorities and businesses to invest – because they are best placed to know how to deliver local jobs and growth.
As part of its long-term plan to build a stronger economy, across the country the Government has announced a further £1 billion of funding for Growth Deals, which comes in addition to £6 billion from the Local Growth fund announced in July last year.
"I am absolutely delighted that the Government has stepped in to provide the final part of the funding for the Crescent project.
"Five years ago the public finances were in a terrible state, but with the economy now growing strongly and the deficit halved as a percentage of GDP, the Government has been able to start increasing investment in projects which will help the economy grow even more, and it's fantastic news for Buxton that the Crescent is part of this funding.
"I've always said that I'll fight the High Peak's corner in Westminster, so I'm very pleased that lobbying by myself and others over this project has paid off, and that it is this Conservative-led Government which has provided the final bit of funding.”
“In the last few months there have been two major announcements of Government money being made available, and I am delighted that the High Peak has featured prominently in both of them. The Glossop Spur road and now the money for the Crescent in Buxton are both great results for the High Peak. As the Member of Parliament it is always my job to ensure the High Peak doesn’t get overlooked. I lobbied ministers on both of these announcements and I’m thrilled with the results.”