Berkshire, 2nd October 2012 - The Thames Valley Berkshire Local Enterprise Partnership (TVB LEP) is delighted to announce that it has allocated £1.5 million of Growing Places Funds to Bracknell Forest Council for a new infrastructure regeneration initiative.
Some of the infrastructure money will be spent on a substantial upgrade of Bracknell Bus Station which forms part of the wider regeneration programme in Bracknell town centre.
Steve Lamb, Chair of Thames Valley Berkshire Local Enterprise Partnership (TVB LEP) and senior director at Oracle comments: "We have already allocated funds to several projects and have some very exciting initiatives underway including this Bracknell infrastructure project. The injection of the Growing Places Fund will help the Thames Valley region to be more innovative, productive and attractive for business as we focus on building the infrastructure that will deliver economic prosperity in the area for the next 30 years."
Councillor Marc Brunel-Walker, executive member for economic development and regeneration said: "This is great news for Bracknell Forest and another positive step forward in the future of Bracknell town centre's regeneration. The money will help with much needed infrastructure work to the town centre - including the bus station which is a vital transport hub for the town. For many people coming to Bracknell Forest by train it is the first thing they see when they leave the station and I am very happy that we will have the funding to give it a much needed facelift."
Helen Barnett, Marketing Manager, Bracknell Regeneration Partnership, said: "I am delighted that Thames Valley Berkshire LEP are awarding this money to Bracknell to help with the town centre regeneration. We will be spending a large part of this money on much needed works to the bus station."
In February 2012 Thames Valley Berkshire LEP was allocated £10,876.292 million from the Government's Growing Places Fund, which was subsequently topped up to over £14 million by central Government. TVB LEP is in the process of allocating funds to a range of projects designed to facilitate economic growth, boost job creation and improve local infrastructure, providing returns that can be re-invested locally.
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Notes to editor:
TVB LEP aims to ensure Thames Valley Berkshire remains the most enterprising area in the country maintaining its competitive edge on the global platform. By promoting employment and skills and ensuring the delivery of the infrastructure required to support economic growth, TVB LEP believes Berkshire will retain its reputation as a great place to live and work, and an attractive place to do business.
TVB LEP is business led partnership made up of key leaders across the business, education, the voluntary and community sectors, as well as the six unitary authority areas of Bracknell Forest, Reading, Slough, West Berkshire, Windsor and Maidenhead, and Wokingham. For more details of the membership of TVB LEP please visit the website http://www.thamesvalleyberkshire.co.uk. Organisations interested in bidding for funds can download a full briefing and FAQs document on Growing Places Fund via the website.
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