Major regeneration project in Doncaster moves a step closer | Business Doncaster
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16
Mar

Major regeneration project in Doncaster moves a step closer

A major regeneration scheme to create thousands of jobs and homes in the east of Doncaster has moved a step closer after the council’s Cabinet on 14 March agreed to enter a funding agreement with the Sheffield City Region to support the DN7 Hatfield Link Road scheme.

The DN7 Hatfield link will create a new road between the M18 at Junction 5 to Waggons Way next to Hatfield Colliery. This crucial infrastructure will enable the J5M18 Unity project, a private sector led development by the Marcol Waystone partnership, to start construction later this year.

The Unity project will see land neighbouring Stainforth, Hatfield and Dunscroft opened up for development and linked directly to local communities. The project will trigger potential inward investment of £800million, create over 7,000 jobs and see 3,100 homes built.

The Homes and Community Agency (HCA) has been a major partner in the development which is recognised as one of Westminster’s top 20 strategic sites for unlocking housing growth.

The total cost of the project is about £15.9million. The funding agreement will see the Sheffield City Region Investment Fund contribute nearly £11.2million with £3.5million coming from the developer and approaching £1.3million from the council’s capital programme.

Mayor of Doncaster Ros Jones, said: “The decision made today is another milestone for the DN7 Unity scheme which is set to unlock substantial inward investment, stimulate economic growth and deliver jobs across the borough and the wider Sheffield City Region.

“This is just another example of the numerous major projects we are securing which are transforming Doncaster into a great place to live, work, invest in and visit.”

Sir Nigel Knowles, Chair of the Sheffield City Region Local Enterprise Partnership, said: “The Sheffield City Region Investment Fund (SCRIF) is our major capital programme which enables local leaders to work together to leverage private and public sector investment more effectively. Local leaders have a very robust approach to prioritising and selecting the highest standard of programmes for funding. This ensures that every pound invested maximises economic growth, boosts businesses and creates more and better jobs. This is helping us to build a truly competitive centre of business excellence.”

More information on Marcol Waystone’s J5M18 Unity project is available at: www.j5m18unity.com