The creation of a new development body to work in partnership with Nottinghamshire County Council in delivering new jobs, homes, infrastructure and growth linked to the new HS2 station has been announced by Chancellor Philip Hammond today.
The new High Speed rail station in Toton is not due to open until 2033, but work is already underway to ensure Nottinghamshire and the wider region is in a position to realise the full economic benefits that HS2 could provide to the area.
The new development body will help accelerate the detailed design work, land acquisition and site preparation in the Toton Growth Zone.
Speaking at the Conservative Party conference in Birmingham today, Mr Hammond said: “As a sign of our commitment to the Midlands Engine, I want to start today by announcing funding to support the creation of a new, locally-led development body for the area around Toton in the East Midlands, to attract investment, create jobs and provide opportunities in this area of huge economic potential.”
Councillor Kay Cutts, Leader of Nottinghamshire County Council and Chairman of the Toton Delivery Board said: “This is fantastic news which will benefit not only Nottinghamshire, but also the regional and national economy too. The Chancellor’s announcement reaffirms the Government’s support for our ambition to ensure the arrival of HS2 brings the maximum economic benefit for communities and businesses in Nottinghamshire and is a big vote of confidence in the County Council’s ability to deliver on that potential.
“We will ensure that the Toton Growth Zone is part of a wider masterplan for development linked to HS2, so that the wider area will share in the prosperity that HS2 will provide.
“We are extremely grateful for the role played by the Midlands Engine, our local MPs and other partners who have worked tirelessly behind the scenes to make our case for funding to support the creation of the new development body.”