City Deal opens up billion pound investment in Cambridge

The Cambridge City Deal, which could see up to £1bn pumped into the city’s transport network, has been signed with the government.

Following intensive negotiations with Cambridge City Council, South Cambridgeshire District Council, Cambridgeshire County Council, The University of Cambridge and the Greater Cambridge Greater Peterborough Enterprise Partnership, the deal will secure hundreds of millions of pounds of additional funding for investment in transport infrastructure to “support high quality economic and housing growth” over the coming decades.

The first £100m of funding will be made available in the five years from April 2015. Transport improvements as a result of the deal will start to be seen within the first year of this period.

If Greater Cambridge is successful in proving these investments drive economic growth, another £200m will be available from April 2020 onwards and a final £200m from April 2025 onwards.

Local partners will invest a further £500m so that around £1bn will be spent on supporting the delivery of vital infrastructure necessary to provide good quality and sustainable growth for the area.

Greg Clark, minister for cities, signed the deal in Cambridge at high-tech company Featurespace. He said: “Cambridge is one of Britain’s most successful cities and the government is backing that success. The Greater Cambridge City Deal is a massive £1bn boost to the local economy, making sure Cambridge has the transport, housing and skills to continue its phenomenal success.”

The deal will accelerate delivery of 33,480 planned homes and enable the delivery of an extra 1,000 new homes – creating more homes for families across the region and allowing people to live and be able to afford homes within a reasonable commuting distance.

Cllr Steve Count, leader of Cambridgeshire County Council, said: “This is a real game-changing deal for Greater Cambridge and the surrounding county. It will see a step change in transport infrastructure, create jobs and boost the local economy. The success of this will also be felt outside the Cambridge area so all our communities benefit.”

To decide how the money is spent, Cambridge City Council will now set up a combined authority with South Cambridgeshire District Council and Cambridgeshire County Council, which will have responsibility for planning housing and transport across the region. However, this will require a legislative change by Parliament.

Tell us what you think – have your say below or email [email protected]


There are no comments. Why not be the first?

Add your comment

public sector executive tv

more videos >

latest news

View all News


Peter Kyle MP: It’s time to say thank you this Public Service Day

21/06/2019Peter Kyle MP: It’s time to say thank you this Public Service Day

Taking time to say thank you is one of the hidden pillars of a society. Bei... more >
How community-led initiatives can help save the housing shortage

19/06/2019How community-led initiatives can help save the housing shortage

Tom Chance, director at the National Community Land Trust Network, argues t... more >

editor's comment

25/10/2017Take a moment to celebrate

Devolution, restructuring and widespread service reform: from a journalist’s perspective, it’s never been a more exciting time to report on the public sector. That’s why I could not be more thrilled to be taking over the reins at PSE at this key juncture. There could not be a feature that more perfectly encapsulates this feeling of imminent change than the article James Palmer, mayor of Cambridgeshire and Peterborough, has penned for us on p28. In it, he highlights... read more >

last word

Prevention: Investing for the future

Prevention: Investing for the future

Rob Whiteman, CEO at the Chartered Institute of Public Finance (CIPFA), discusses the benefits of long-term preventative investment. Rising demand, reducing resource – this has been the r more > more last word articles >


Artificial intelligence: the devil is in the data

17/12/2018Artificial intelligence: the devil is in the data

It’s no secret that the public sector and its service providers need ... more >

the raven's daily blog

Cleaner, greener, safer media: Increased ROI, decreased carbon

23/06/2020Cleaner, greener, safer media: Increased ROI, decreased carbon

Evolution is crucial in any business and Public Sector Executive is no different. Long before Covid-19 even became a thought in the back of our minds, the team at PS... more >
read more blog posts from 'the raven' >

public sector events

events calendar


August 2020

mon tue wed thu fri sat sun
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

featured articles

View all News