A local enterprise partnership (LEP) for Derby, Derbyshire, Nottingham and Nottinghamshire named D2N2 has agreed to provide Â£2.52m fund to develop the link road to the M1 motorway in the UK.
The link road has been designed for the Brownfield site located on the former Seymour Colliery, which is being redeveloped for industry, including manufacturing, technology, environmental and logistics sectors.
The Â£7.5m Seymour link road will connect Junction 29A of the M1 motorway to the Markham Vale Enterprise Zone site in north Derbyshire.
“The Markham Vale site and the Seymour Link Road specifically are identified as a key priority in our strategic economic plan.”
Sheffield City Region local enterprise partnership will provide Â£3.78m for the project, while Derbyshire County Council has agreed to provide the remaining Â£1.26m to develop the project.
D2N2 LEP chief executive David Ralph said: “The Markham Vale site and the Seymour Link Road specifically are identified as a key priority in our strategic economic plan.
“Markham Vale sits at the northern gateway to the D2N2 LEP area. Linking it to the national road network, via the M1, gives the whole Enterprise Zone site the potential to eventually create up to 4,100 new jobs; which is why we and our partners, the Sheffield City Region LEP and Derbyshire County Council, are making this significant investment.”
Work on the Seymour link road is expected to begin in October, which is an important highway link to the M1 for 33ha worth of employment land plots on the Markham Vale North site.
The links road is expected to be completed by August 2016.