Local Growth Fund
Through the Local Growth Funds 1 and 2 (LGF1 and LGF2), we have secured £118.4m to support dynamic economic growth.
This substantial investment from Government brings forward at least £100m of additional investment from local partners and the private sector - by 2021, programmes will create at least 6,000 jobs and allow 4,000 homes to be built.
We were also awarded £24.16m of Local Growth Fund 3 (LGF3) funding, enabling us to support multiple projects to benefit local people and businesses.
Our key LGF3 focus will be on developing skills to meet the needs of local employers, building on Oxfordshire’s strengths in research and development and opening-up new commercial development opportunities.
Working with central Government, we agreed to co-invest in the following jointly-agreed priorities:
Local Growth Fund 1
£12.5m (£8.2m Local Growth Fund): A package of junction and local road improvements to support growth in the Headington area of Oxford - a centre for medical research and the location of the bio-escalator at Oxford University Old Road campus, which was part-funded via the Oxford City Deal.
This project will be delivered by Oxfordshire County Council.
£88.35m (£25.85m Local Growth Fund): A comprehensive package of measures to mitigate the risks of damage to homes, businesses and transport connections caused by excessive flooding.
This project will be delivered by The Environment Agency.
£1.9m (£0.6m Local Growth Fund): A comprehensive package of measures to mitigate the risks of damage to homes, businesses and transport connections caused by excessive flooding.
This project will be delivered by Oxford City Council.
£6.5m (4.5m Local Growth Fund): A new centre of innovation to coordinate the interaction between key industry players including; Oxford University, cryogenics companies and end users (including SMEs) on the Harwell campus and at the Culham Centre for Fusion Research Campus.
This project will be delivered by The University of Oxford.
£4.9m (£4.5m Local Growth Fund). A sustainable transport scheme providing greater connectivity between Science Vale and the newly-improved Didcot station by bike.
This project will be delivered by Oxfordshire County Council.
£7.8m (£4.5m Local Growth Fund): Development of a Technology and Innovation Training Centre in Oxford to address skills shortages across engineering, electrical, design, and emerging technologies.
This project will be delivered by Activate Learning.
£23m (9.5m Local Growth Fund): Packages of measures for car park expansion including construction of a deck access car park on the existing Foxhall Road car park.
Part of the expansion and improvement of Didcot station as a key gateway to Science Vale high-tech cluster and the Enterprise Zone.
This project will be delivered by Great Western Railway.
£5.9m (£4m Local Growth Fund): A collaboration with Abingdon and Witney College - the centre will address local, regional and national skills shortages in science, technology, engineering and maths subject areas by supplying skilled technicians at Harwell Oxford and elsewhere in Oxfordshire; as well as deploying the unique expertise and facilities available at and around Harwell Oxford as a learning resource for the rest of the UK, Europe and the world.
This project will be delivered by Abingdon and Witney College.
£40m (£35m Local Growth Fund): Support to expand the integrated public transport system along the 'Knowledge Spine', delivering major enhancements to the A40 strategic route between Oxford, the Northern Gateway and Witney and connecting centres of innovation and economic growth with Oxfordshire’s universities.
This project will be delivered by Oxfordshire County Council.
Local Growth Fund 2
£452.5m (£5.9m Local Growth Fund): A package to improve transport in the north of the city and enable the Oxford North development which will provide business and research space and new homes.
£150m (£3.5m Local Growth Fund): Transport and site improvements to support the Oxpens development, which will provide much-needed office and research space and new homes in the heart of Oxford.
This project will be delivered by Oxford City Council.
£0.6m (£0.4m Local Growth Fund) Establishing the Activate Care Suite to improve adult social care and health.
This project will be delivered by Activate Learning.
