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Government Funding

 

The Council has already been provisionally allocated £14.14m of Government funding towards the cost of the overall regeneration, however this is subject to our scheme obtaining Full Approval.

The Government have recently reviewed their funding arrangements for local authorities and as a result it will take longer than first thought for the funds to be released. This will affect the financial arrangements for the project but should not affect the starting time of construction work for the bridge.

The cost of the work to date has been funded by the Council and the remaining balance will be sourced through a funding package developed in conjunction with local landowners and developers.