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Portishead to Bristol train line receives final government funding.

'Bristol Res' Blog • 12 April 2019

Portishead to Bristol train line receives final government funding.

The re-opening of the Portishead to Bristol rail line looks to have been secured this week after Government transport chiefs confirmed millions in funding for the project.

The final £31.9 million needed to plug a funding gap in the £116 million project, known as MetroWest, to re-open the line has been agreed by the Department of Transport meaning all the funding for the scheme is now in place.

Portishead is one of the fastest growing towns in the South West, its population has risen by more than 3,000 since 2001 and is expected to increase by a further 8,000 in the coming decade.The train line originally built in the 1860’s closed to passengers in 1964 and then to freight in the 1980’s and has laid dormant ever since.

The funding boost was announced by Secretary of State for Transport Chris Grayling following a meeting involving the North Somerset leader, Councillor Nigel Ashton, and West of England Mayor Tim Bowles.

Councillor Ashton said: “After many years campaigning for this moment I am delighted to announce that the Secretary of State said that the £31.9 million from the Department of Transport that is needed to fill the financial gap in the multi-million-pound project, together with the money already allocated by North Somerset and the West of England Combined Authority, has been agreed.

It is hoped that the line will re-open within the next three to four years and include new stations at Portishead and Pill.  The train services will also serve Parson Street, Bedminster, and Bristol Temple Meads stations.

 


Just lettings, just Bristol

 

 

Hinckley Point C spending reaches £1 billion

Bristol’s economy is receiving a boost from the development of Hinkley Point C nuclear power station, a new report has found.

So far, more than £1 billion has been spent with companies in the region and thousands of jobs have been created in and around Bristol, according to the analysis by EDF Energy.

A further £500 million is being invested in new contracts that have already been signed.

The project currently employs 800 people in Bristol and another 6,500 people on site in Somerset, while thousands more jobs have been created in the supply chain in the South West.

Stuart Crooks, managing director of Hinkley Point C, said; “Our teams are making great progress on-site, but this report shows we are also delivering on our ambition to make a lasting difference to people, skills and the regional economy.”

Sam Evans, head of Hinkley supply chain engagement at the Somerset Chamber of Commerce, said: “The work on site is accelerating, creating more and more opportunities for South West businesses to bid for and win valuable contracts as the supply chain grows.
“What’s especially pleasing is that, far from the list of companies registered all being construction and engineering companies, we are seeing a broad range of sectors represented, including design agencies, catering companies, professional services firms and office fit-out businesses.”

Deborah Hadley, director of The Bristol Residential Letting Co said ” We are certainly seeing the impact of Hinckley Point C. Every week a number of top quality professional applicants, whose employment it related to Hinckley Point, are  registering with us and searching for a rental property.”

 


Just lettings, just Bristol

 

Final phase of the Paintworks development to commence.

Work is set to begin on completing the Paintworks development on the Bath Road near Temple Meads.  The development which first started 15 years ago has firmly established a reputation for being Bristol’s ‘creative quarter’  and has become a great place not only to live but to work as well.

The final phase of this development is being completed by south west developer Rengen Developments.  It will see the demolition of the old Endermol building and will comprise 92 new apartments, 19,000 sq ft of commercial space and 128 car parking spaces.

CEO or Rengen Iestyn Lewis, said: “The Paintworks has a far-reaching reputation as a business and community hub, a creative quarter and a fantastic place to work and live. As a company we are committed to delivering housing and business space which complements and enhances the unique identity of the area.”


Just lettings, just Bristol