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Funding

Cambridgeshire Horizons played an important role in securing funding for Cambridgeshire to assist the delivery of sustainable new communities.

Our key funding comes from:

Housing Growth Fund (HGF, previously known as Growth Area Funding, or GAF, in 2007)

Cambridgeshire Horizons secured central government growth area funding for Cambridgeshire at consistently high levels over the past three years. This has been used for a number of projects including: the new riverside bridge in Cambridge, a renewable energy project for Northstowe, improvements to Grafham Water Centre and funding for the Wicken Fen Vision.

2009/10 and 2010/11 HGF allocation confirmed

In October 2008 Cambridgeshire Horizons submitted a revised Programme of Development (POD) to Communities and Local Government (CLG). This document sets out a range of growth-related projects across the County that we bid for. In early 2009 it was announced that Cambridgeshire will receive £28,773,841 to spent towards Growth Projects in 2009/10 and 2010/11. However, in December 2009, CLG confirmed that our 2010/11 capital allocation will be reduced by £6 million.

However, despite the funding reductions Cambridgeshire will still benefit from £21.5 million worth of Housing Growth Funding in 2009 to 2011, which supported over 20 different schemes.

These projects ranged from providing a new Country Park in Ely and eco-friendly homes in Huntingdon through to improvements to the Cambridge Station area and regenerating the Wisbech Nene Waterfront area. These schemes will help to support the delivery of thousands of much needed new homes, and associated services and facilities, across the County over the coming years. Read more here.

Rolling Fund

In 2008, Horizons secured an £8 million 'start' on its Rolling Fund concept from Communities and Local Government (CLG), the first Rolling Fund of its kind in England. The fund will be used to fund infrastructure projects that open up development sites, and is currently being used on the Southern Fringe to build the Addenbrookes Access Road. The Rolling Fund monies will then be recovered from the developers as houses are built, allowing the money to be reused on subsequent projects.

Community Infrastructure Fund

Horizons made a bid to government, with our partners at Cambridge City Council and Cambridgeshire County Council, for £3 million from the Community Infrastructure Fund for the Cambridge Station Gateway project.

The Gateway Project will create a better interchange between rail services and connecting public transport, cycling and pedestrian paths, improving both safety and convenience for all users.