It follows the award of £4m by the New Anglia Local Enterprise Partnership and the Greater Cambridge Greater Peterborough Local Enterprise Partnership.
The partnerships have each allocated £2m from the Growing Places Fund for the provision of infrastructure and site enabling works to open up this 29.5 acre site for residential dwellings, employment space, a hotel and family pub / restaurant to the North West of Haverhill, Suffolk.
The development is expected to create up to 2,000 new jobs and homes for around 350 people.
The funding bid was written jointly by Carisbrooke Investments and St Edmundsbury Borough Council.
This week Secretary of State Eric Pickles met representatives from the developer Carisbrooke Investments, the Suffolk based construction company Breheny which is carrying out the works, as well as representatives from the LEPs and St Edmundsbury Borough Council.
Communities Secretary Eric Pickles commented, "The £770 million Growing Places Fund is unlocking much-needed local growth and getting the infrastructure and homes we need built. The New Anglia and Greater Cambridge Greater Peterborough Local Enterprise Partnerships , made up of civic leaders and local businesses, are using the money to help create jobs, homes and leisure facilities in Haverhill.”
"I now want to see more of these partnerships coming together and finding innovative ways to unlock local sites to get Britain building again."
Cllr John Griffiths, Leader of St Edmundsbury Borough Council said, “St Edmundsbury and Carisbrooke put a lot of work into this bid and its success is very welcome news, putting the Haverhill Research Park project securely on track to securing 2,000 new jobs for the town.
It is an excellent example of people and organisations working well together across boundaries for a common goal”.
Nic Rumsey, Director of Carisbrooke said: “This together with bank finance from BLME is the final piece in the jigsaw which allows the scheme to go ahead. We have appointed Breheny as the contractor and works on-site commence today, 5th November; with completion programmed for April 2013.
The high quality environment we are creating has already been recognised by Taylor Wimpey, who have recently submitted a reserved matters application for 150 residential units. We have also agreed the sale of land to Marston Inns, who have submitted an application for a 180 cover family pub / restaurant.”
Andy Wood, Chairman of New Anglia Local Enterprise Partnership said: “The Growing Places Fund has been set up to help kick-start projects which will create jobs across Suffolk and Norfolk. Haverhill Research Park is a fantastic project which will bring a significant number of jobs, new homes and businesses to the area. The application was very well put together and the board was unanimous in its support of the scheme.”
Mark Reeve, Greater Cambridge Greater Peterborough Local Enterprise Partnership Board Member said: “This is a great step forward for the creation of new jobs in our LEP area as a direct result of Growing Places Funding. Working together on this project with New Anglia LEP and St Edmundsbury Borough Council has meant we can bring a significant amount of new jobs and much needed new homes to Haverhill.”
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