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Cash award puts Jobs in pipeline - after crunch.


MORE than pounds 3m has been awarded to County Durham “Durham county” redirects here. For other uses, see Durham County.

County Durham is a county in north-east England. It can be used to refer to 4 different entities:
  • the historic County of Durham
  • the administrative county of Durham
 as a result of a joint bid by local authorities to win funding for social and economic growth.

The cash forms part of the second round of the Government's New Growth Points programme and will support ambitious plans for new houses, employment, transport and related environmental improvements between now and 2016. The main area of housing growth will be along the A19 Corridor, including the towns of Peterlee and Seaham, as well as to the south of the county in the Bishop Auckland Bishop Auckland (ôk`lənd), town (1991 pop. 23,560), Durham, NE England, on the Wear River. It is a busy market area, and the town's industries include textiles and engineering.  area.

The programme plans to deliver 11,500 new homes between 2008/09 and 2016/17, including a target of 2,300 affordable homes.

The new housing will be linked to town centre regeneration and will be twinned with new job creation by developing nine 'mixed use' housing and employment sites.

It will also link with ongoing master-planning in Peterlee and Bishop Auckland town centres and will help to secure improvements to transport, healthcare and education in and around these communities.

The bid was developed jointly by Durham County Council, District of Easington, Sedgefield Borough Council and Wear Valley District Council.

Glyn Hall, chair of the South & East Durham NGP NGP Neo-Geo Pocket (SNK)
NGP Nearest Grid Point
NGP New Growth Point (UK)
NGP National Grid Project
NGP Next-Generation Program (fire suppression)
NGP Next Generation Product
 Board and director of Neighbourhood Services at Sedgefield Borough, said: "This funding is not only a vote of confidence from the Government in Durham as a place where people want to live and make their home, it is also an opportunity for us to plan new housing and community facilities that are to high standards of design and environmental sustainability."

Coun Neil Foster, Durham County Council's cabinet member for Economic Regeneration and board member said: This is great news for the whole of County Durham.

"It offers the prospect of more local jobs when the housing market starts to make a recovery from the credit crunch Credit Crunch

An economic condition whereby investment capital is difficult to obtain. Banks and investors become weary of lending funds to corporations thereby driving up the price of debt products for borrowers.
."
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Publication:The Journal (Newcastle, England)
Date:Dec 13, 2008
Words:309
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