New £3m Infrastructure Fund agreed to ensure that the right infrastructure is built at the right time
On Monday 24th February at Swindon Borough Council’s Council Tax meeting, the Conservatives proposed that a new “Infrastructure Fund” should be setup, using one-off government money received from housing building, to ensure that the right infrastructure is built at the right time to unlock Swindon’s economic potential.
Update: Every single Labour Councillor opposed the Infrastructure fund and voted AGAINST. Every Conservative Councillor voted FOR the Infrastructure fund
David Renard, “Every house which is built in Swindon means that the Council receives £6000 over six years from the Government. It is crucial that this money is properly spent to improve the town for local residents, and the new Infrastructure Fund will mean there is a direct correlation between growth and benefit. The Fund will be setup with £3m of New Homes Bonus to get things moving and we plan to add millions more next year.”
Dale Heenan, “The new Infrastructure Fund will ensure that money is not frittered away on pet political projects but on things that could make a real difference to local residents and businesses in Swindon.
We will ensure a responsible approach is taken with the Infrastructure Fund, and this will be seen with the first bid being a masterplan dealing with the future of the Cheney Manor Industrial Estate and to select three of the ten possible routes for the Thamesdown Drive extension road for further design work. The contrast is simple, Labour have seen a powerpoint presentation and wish to gamble £1 million pounds as quickly as possible just to write a business case for this £50m road.”
Future bids could include flood protection, schools or road upgrades to the A420 and the Whitehart Roundabout in the East, or Mead Way in the West