Cornwall Council today (22 May 2018) agreed to fund a loan of £7.1m from the Council's capital reserves to the Duchy of Cornwall to bring forward construction of new roads  which will unlock up to 3,880 homes and 58,000 sqm of employment space at Nansledan.

The loan will enable the Duchy of Cornwall to deliver phase 2a, the Western Arm, of the Newquay Strategy Route (NRS) earlier than planned and support the delivery of phases 2 and 3 of the scheme which is valued at £24.4m.

The Duchy has already funded and built the eastern arm and Rialton Link phases of the NSR contributing over £15m to the wider scheme. 

The loan will be provided at commercial rates with the Duchy of Cornwall paying back to the Council both the Capital and the interest on the loan. Cornwall Council's Cabinet Member for Planning and Economy Bob Egerton said: "Today's decision recognises that we can now move forward with the delivery of the Newquay Strategy Route. Without Council intervention the full access road that serves Nansleden would not be likely to be delivered in the next ten years.

Now that Cornwall Council has agreed the loan we can improve the lives of local residents sooner by improving the road network more quickly, as well as bringing forward more homes, jobs and growth to 2030 and beyond. This includes the Chapel Gover site which has planning conditions, restricting the development of 800 new homes, until the full Newquay Strategic Route is delivered."

Cornwall Councillor for Colan and St Mawgan John Fitter added:  "The commitment by Cornwall Council to provide the balance of funding to enable the Newquay Strategic Route to be completed is excellent news for the residents of Trencreek, Trevenson Road and of course the long suffering residents who live in and around the Quintrell Downs roundabout. When completed, this Strategic route will enable traffic approaching Newquay from the west and wishing to travel to Cornwall Airport Newquay and the Aero Hub to reach their destination while avoiding Quintrell Downs and the impact that vehicles are having on the air quality of the residents who live there.  At the same time the completion of the route will allow a consultation process to begin to consider the closing to vehicles of the Rail Track Trencreek Crossing and Chapel Crossing, the closing of  which will bring major benefits to the quality of life to the residents who live in area "

Following today's decision it is hoped that construction of the new roads can start in spring 2019 and be completed by January 2021.

 

Story posted 22 May 2018