Huge cash boost is ‘significant step forward’ says town’s MP

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AN MP has welcomed a huge investment coming to the Gosport peninsula.

As reported on Tuesday, £7m is set to be invested at the waterfront of Daedalus enterprise zone at the former military airfield, in Lee-on-the-Solent.

Gosport’s MP Caroline Dinenage said the announcement marks a significant step forward for the zone.

She said: ‘Shortly after my election, I formed the Daedalus Strategy Group which brought together key stakeholders for the first time to make robust plans for the site’s future.

‘This group have worked tirelessly to ensure that the Daedalus site reaches its full potential to provide a vital economic boost to the Gosport and Fareham area.

‘This announcement marks a significant step forward for the enterprise zone and I am confident that the newly allocated funding will help to secure a prosperous future for our local economy.’

The cash has come from the government’s enterprise zones capital grant fund.

It will be used to unlock the waterfront’s potential by building roads, opening up unused land for development.

In turn it is hoped this will attract more investment and create more jobs in the area.

On Tuesday, the new Minister for Portsmouth, Michael Fallon, visited the city and announced the cash.

It was his first visit after being appointed in the wake of BAE’s decision to axe 940 shipbuilding jobs at the dockyard.