The government has given the go-ahead to the long campaigned for Melton distributor road which will help cut congestion in the town centre by taking traffic onto the alternative road, and will open up land for infill housing development and new industrial areas.
The scheme will open up a number of potential housing and business sites around the town.
The new 4.3 mile single carriageway route would stretch round the eastern side of the town, linking the A606 Nottingham Road to the A606 Burton Road, with roundabouts developed at Scalford Road, Melton Spinney Road, A607 Thorpe Road and B676 Saxby Road.
The project has been a series of lines on a map for decades but the cash has never been available to implement it.
In total the road will cost £63.5 million with Leicestershire County Council contributing £14 million.
Construction work is scheduled to begin early 2020.
FSB has long called on Government for increased resources to be invested in the local road network, to reinvest vehicle tax money on improving the UKs roads, and to strategically plan for the future with proper road network investment.
Our research shows 65 per cent of small firms rate their van or car as crucial for business. Roads are critical for businesses, who rely on them to access goods, customers and employees.
Transport Secretary Chris Grayling has said: “Heavy congestion has become a real issue for Melton Mowbray and a new bypass around the town centre will really make a difference by easing traffic and improving every day journeys.”
County council leader Nick Rushton said: “I’m really delighted that the Government has listened to our case for the Melton bypass.
"It just goes to show that hard work, a strong business case and joined up working with our partners and Sir Alan Duncan MP, gets results.
"We’ve been campaigning for years to get this- and this £49M from Government delivers a large part of our £290M capital investment programme to support jobs, growth and infrastructure in the county and Melton in particular.”
Some 4,500 homes are set to be built by 2036 with 6,000 jobs created in the new industrial areas. Hopefully these homes and industrial areas will also provide opportunities for local small builders as well as provide small office and light industrial space for our small businesses and startups who are looking for suitable space to operate from this beautiful rural area.
Les Phillimore, joint Area Leader for FSB in Leicestershire, Northamptonshire and Rutland said “The Governments award of nearly £50m to fund a new bypass for Melton Mowbray is a monumental step forward for the town and the residents and businesses of Melton Mowbray. A long-standing, proud and notable market town, Melton Mowbray has long suffered from severe congestion and a bottleneck within the town compromising business, investment, economic growth and transport accessibility.”