CreatingFuture the Conditions Economy for Growth Future Economy Devon

A38 Gateway Cornwall

ConditionsAn improvement for to GrowthCarkeel junction would deliver immediate benefit to Cornwall’s connectivity Conditions for Growth with the UK and accelerate new employment and housing development in . Isles of Scilly

The Cornwall Gateway Challenge A38 Carkeel Roundabout The Ask A larger, signalised junction on the A38 required to A Local Growth Fund investment of £3.546m is 8,500Growth14% for Business£20m accommodate predicted traffic growth. Growth for Business required to deliver the scheme over two years. peak hour increase in per year cost Project value: £3.85m Year:2017 The scheme is prioritised in the HA Route traffic flow traffic flow of congestion • Funders - Growth Fund £3.546m / LTP £0.304m Based Strategy to support early delivery and to in 2010 by 2030 by 2030 Scheme includes: maximise efficiencies and benefits. • New signalised roundabout junction with enhanced capacity • Builds on HA Pinch Point scheme to provide pedestrian The Offer overbridge and small scale capacity improvements

Callington Improves connectivity and journey times. Increases viability of employment development. 2080 A388 Accelerates housing build and provides higher Branchline to Gunnislake levels of affordable homes (potentially >20%). future extension to Tavistock Adds value to the City Deal. A38 7500 2430

Plymouth Growth Deal outcomes Key Growth in Plymouth 2200 A38 Supports the delivery of 1000 houses Rail • Extends agglomeration in Plymouth and SE Cornwall and supports the Plymouth and accelerates 534. 1000 Travel to work ows 2000 to 5000 (2001) and SW Peninsular City Deal Supports the delivery of 1298 new jobs. • New dwellings per annum to 2021: 1000 1000 Travel to work ows >5000 (2001) • New jobs as part of Plymouth and Wider benefits South West Peninsula City Deal: 9500 Improves national highway asset and reduces maintenance costs to Highways Agency. Cornwall gateway demand in the Increases benefits of and synergies with Plymouth travel to work area Key Growth in Saltash improvements along A38 corridor. Rail Houses: 1000 Plymouth Future housing/employment Jobs: 1300 Saltash will provide £300k match Urban area town centre funding. Housing Levers additional £4.5m private sector funding How the Growth Deal builds for an improvement at Stoketon Cross and on our investment £1m local LTP funding for A38/Liskeard Rd improvement and improvements. Transport strategy to 2030 Supports better access to labour and markets £8.25m for businesses across Cornwall by reducing A38 Stoketon Cross A38 Liskeard Road improvement scheme Tamar Bridge capacity journey times and improving long-term Growth Deal resilience of the strategic road network. £3.546m Project value: £4.5m Project value: £300k Year: 2018 improvements Year: 2016 • Funders - LTP funded Provides foundations for successful ‘future Project value: £750k Year: 2018 • Funders - Developer funded Scheme includes: economy’ and ‘growth for business’ SIF • Funders - Plymouth Scheme includes: • Junction improvements to improve capacity and safety investments. City Council and • New roundabout † Tamar Bridge Cornwall Council Value for Money junction to BCR of 8.1. LTP £34.6m address capacity Saltash walking and cycling network Scheme includes: £0.304m GVA £47.62m. and safety issues Project value: £2.7m Year: 2018 • Package of capacity • New route for • Funders - LTP and Developer funded improvements Deliverability south bound and demand Permitted development as identified in Transport strategy schemes Scheme includes: traffic from the management Highways Agency Route Based Strategy. completed/committed • Comprehensive network for Saltash A388 avoiding † • Addresses severence created by A38 initiatives to Transport Annex report 1 Traffic Modelling and Economic Appraisal Methodology Local Growth Deal Ask Carkeel • Mitigates levels of increased traffic increase resilience Future transport schemes (2030) 35606 03/14

March 2014