The Transport Secretary has confirmed that East Midlands HS2 Partnership will receive up to £1.8 million funding in order to support the development of a new station at Toton.
Chris Grayling believes this funding – which will build on previous significant investment in the area – will help to realise what has been described as the “extraordinary” potential of the brand new HS2 station.
The station will deliver faster journeys for passengers and better connections to Birmingham, London and Leeds for those using high speed trains.
The long term benefits to the region include tens of thousands of new jobs and billions added to the economy.
Additional funding will help to develop proposals for public transport connections to this Toton hub, therefore guaranteeing that surrounding communities benefit from new rail, tram and bus services to this new HS2 station, while improved road access will also be provided.
These proposals in addition to those to create an innovation hub and four garden villages around Toton station will help to unlock new housing opportunities, therefore helping the government to hit its housebuilding targets.
And by 2043, it is estimated that 74,000 jobs will be created, giving a £4 billion boost to the regional economy.
Chris Grayling believes HS2 will be “pivotal” in boosting prosperity in the region.
He said: “As the future backbone of our national rail network, HS2 is vital for delivering better connections between our major cities, bringing communities closer together with faster, more frequent services for passengers.
“It will also play a pivotal role in boosting productivity and prosperity across the country, with new and improved stations acting as catalysts for regeneration, jobs, new housing and economic growth.
“Committing additional funding to support the development of a HS2 station at Toton will help drive forward ambitious proposals, ensuring that the region stands ready to seize the enormous benefits of HS2.”