Council chiefs welcome cash for roundabout at site of major Fakenham development plan
Almost £1 million has been committed to the building of a new roundabout intended to enable the development of nearly 1,000 new homes on the edge of Fakenham.
North Norfolk District Council (NNDC) says it expects work at the junction between the A148 and Water Moor Lane to begin late next year or in early 2022, subject to planning approval.
And its leader, Sarah Butikofer, says the funding is vital in helping bring forward a critical scheme for the area.
She said this afternoon: “NNDC is fully supportive of this project proposal and has been delighted to secure vital partnership funding from the Norfolk Business Rates Pool and more recently the Norfolk Strategic Fund.
“This is an hugely significant development for Fakenham.
"Securing this match-funding is important to bringing forward the delivery of the scheme and give confidence around the large residential, business and community facilities which are proposed.”
Proposals for the area, which the authority describes as the Fakenham Urban Extension were first put forward more than three years ago.
The scheme would allow for up to 950 new homes, a primary school and nursery, hotel, retail and employment space, as well as public open spaces.
Revised proposals and documents were submitted on behalf of the applicant, Trinity College Cambridge, earlier this year, and no decision has yet been reached on whether planning permission should be granted.
But the site is part of the district council's local plan for future development.
The roundabout, which is expected to cost £2 million to build, is seen as necessary to enable any development of the land to proceed.
In its statement, NNDC said it had secured £428,000 from the Norfolk Strategic towards the project, in addition to a £500,000 contribution received from the county's business rates pool in January.
It says the investment will enable them to enter talks with parties including the developer, landowners and Norfolk County Council about how the scheme could now proceed.