National Productivity Investment Fund
A £23bn National Productivity Investment Fund was announced as part of the Autumn Statement 2016. It focuses on areas of investment that are key to boosting productivity, including transportation, research and development, digital communications and housing.
Through the National Productivity Investment Fund, we have received funding for the following schemes:
- Kent Medical Campus Enterprise Zone: This scheme includes the signalisation and enlargement of the A249 Bearsted Road, A249 Bearsted Road/New Cut Road roundabouts to accommodate traffic from the Kent Medical Campus Enterprise Zone, growth in Maidstone town centre and growth in southern Maidstone.
- A2500 widening (Phase 2): The National Productivity Investment Fund supported a scheme to improve a 1.1km section of the A2500 Lower Road between the A249 and Barton Hill Drive on the Isle of Sheppey. This included the widening of the carriageway and construction of a new shared footpath/cycleway, supporting future growth.