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Date published: 20th October 2020
North Norfolk District Council is delighted to have secured £928,000 in matched funding to help finance the building of a new roundabout on the A148 to service a major development of new homes in Fakenham.
The Fakenham Urban Extension is part of the North Norfolk Local Plan and paves the way for a development of 950 homes to be built on the outskirts of the town – and a new roundabout will need to be constructed on the A148 at the Water Moor Lane Junction to provide access.
Having secured £500,000 towards the £2m cost of the new roundabout from the Norfolk Business Rates Pool in January, the Council has now also secured a contribution of a further £428,000 from the Norfolk Strategic Fund.
Construction work on the new housing development is set to start in late 2021/early 2022 subject to detailed planning consent being approved and Leader of the Council Sarah Butikofer said securing the matched funding would enable the Council to have detailed discussions with the land owner, project promoter and the County Council about the delivery of this scheme over the next 18 months.
“NNDC is fully supportive of this project proposal and has been delighted to secure vital partnership funding from the Norfolk Business Rates Pool and more recently the Norfolk Strategic Fund.
“This is an hugely significant development for Fakenham. Securing this match-funding is important to bringing forward the delivery of the scheme and give confidence around the large residential, business and community facilities which are proposed as part of the Fakenham Urban Extension.”
Last updated: 20th October 2020