Latest news with #InfinityGardenVillage
BBC News
30-07-2025
- Business
- BBC News
Funding secured for proposed new A50 junction near Derby
Almost £50m of government funding has been secured to allow a new A50 junction south of Derby to be proposed junction between Sinfin and Chellaston would connect a new link road to a planned 4,500 home development, known as Infinity Garden County Council - which is leading the project - said it had gained the funding to begin the £70m transport scheme, which was granted planning permission in council had until March 2026 to secure the £49,597,972, and without it the authority faced the possibility of scrapping the entire project. Council leader Alan Graves said the project "is an important part of supporting sustainable growth in the south of the county".He said alongside housing the development, when finished, will include around 3.5m sq ft of businesses to create "much-needed, good quality jobs".He said: "There is still much to do before actual construction begins on the road but this funding announcement is very much welcomed and is a huge step forward to making things happen." The transport scheme is estimated to be completed by March the cost of the scheme has almost doubled from £37.5m when the link road project was granted planning permission in 2021In March, the East Midlands Combined County Authority was told that negotiations with landowners over the compulsory purchase of the land needed for the junction and road were "ongoing".The £150m expansion of Infinity Park was granted planning permission in 2023 with a new hotel, pub, drive-through cafe and office buildings, which aim to create 3,000 jobs.
BBC News
25-02-2025
- Business
- BBC News
Sinfin: Proposed new junction cost rises to £70m
The cost of a new junction south of Derby, paving the way for 4,500 homes and 5,000 jobs, has escalated to £70m - almost doubling its original proposed A50 junction between Sinfin and Chellaston and a link road to a planned development, known as the Infinity Garden Village, is now priced at £70.4m, according to a October 2021, Derbyshire County Council - which is leading the project - was awarded £49.6m by the government after the initial cost of £37.5m increased to £ authority said inflation had contributed to the increased cost, but work was due to start next month and expected to be completed in 2029. Work on the new junction had been due to start in 2023 and be complete this year, the Local Democracy Reporting Service since the project was granted planning approval in 2021 it has been left in limbo for more than two scheme links in with Infinity Garden Village plans, which have been decades in the making.A Derbyshire County Council spokesperson said: "We continue to work with our partners as this infrastructure project remains a priority, bringing forward up to 4,500 new homes and 3.45 million sq ft of new commercial floorspace."However, as can often be the case with large construction projects, the delivery programme has experienced delays and we are awaiting confirmation from government that the revised timescales are agreed."Inflation has also impacted the estimated cost of the project so the news that the East Midlands Combined County Authority is proposing to contribute £1.5m towards the scheme is very welcome and will help keep the work progressing."
