Beaulieu New Railway Station
- Capital Investment - Essex, Southend & Thurrock, More than £2m, LGF1
Approved (subject to conditions)
Design in progress
Expected completion date
The vision is for Beaulieu Station to be a new transport hub where passengers can complete journeys using sustainable modes of transport, and the proposals also include a bus interchange and substantial cycle parking.
The £12m LGF investment sought for this project represents a contribution to the total cost of the project. An application to the Housing Infrastructure Fund is currently being developed by Essex County Council, which will seek to secure the remaining funding required to allow delivery of the project.
The project was considered by Accountability Board on 15th February 2019 and the decision was made to approve the award of £12m LGF funding to this project, subject to the following funding conditions being met:
- A Value for Money review being completed for the overall Project by the Ministry for Housing Communities and Local Government (MHCLG), as part of the Housing Infrastructure Fund, that meets the requirements of the value for money exemption 2 of the SELEP Assurance Framework;
- Receipt of evidence from Essex County Council that they have been awarded sufficient funding through the MHCLG’s Housing Infrastructure Fund and through funding contributions from Network Rail, to bridge the Project funding gap in full;
- Endorsement from the SELEP Strategic Board that the LGF can be retained against the Project beyond 31st March 2021.
If all three conditions are not met by December 2019, the £12m LGF allocation will be withdrawn from the project for reallocation to LGF3b pipeline projects.
Capital Programme delivery update
Take a look at our update on the delivery of the Local Growth Fund (LGF) and Growing Places Fund (GPF) capital programmes.
£570m of investment to East Sussex, Essex, Kent, Medway, Southend and Thurrock
In total the SELEP Growth Deal with Government has brought nearly £600m of investment to East Sussex, Essex, Kent, Medway, Southend and Thurrock and over the lifetime of the Deal (2015-2021) we aim to deliver 78,000 jobs and 29,000 homes.
The deal and brings new responsibilities and flexibilities and is set to attract a further £960 million extra investment into the South East over the five years.