The ‘City Deal’ is an agreement between the Government and Lancashire County Council, Lancashire Enterprise Partnership, Preston City Council and South Ribble Borough District that was signed in 2013.
The £434m investment is being used to transform Central Lancashire over a ten year period by improving travel infrastructure, creating new jobs and building new homes.
The key transport schemes in the City Deal are:
- Preston Western Distributor (PWD) – will link A583/A584 to M55 which will improve access and enable the development of the North West Preston strategic housing location which will accommodate over 4000 new homes.
- South Ribble Western Distributor (SRWD) – double vehicle capacity between Preston city centre and motorway which will enable access to Cuerden Strategic Employment site and Lancashire Business Park and unlock housing schemes accommodating 2700 new homes.
- Broughton Bypass – critical congestion relief for the A6, North East Preston and the M6. Will enable housing schemes creating 1400 homes and employment sites in East Preston creating over 5000 new jobs.
- Penwortham Bypass – will complement SRWD and connect the network to Ringway, significantly improving access between local and motorway networks and reducing congestion in Preston city centre. Also enable future housing opportunities beyond 2024.
There will also be a £100m investment fund from the Lancashire County Pension Fund, allowing the fund to be invested in local commercial schemes.
As well as enabling the forecast of 20,000 new private-sector jobs and 17,420 new homes, the City Deal will provide a huge boost to the local economy, which is expected to grow by £1 billion.