The track, which will encourage the use of sustainable transport, will be built as part of ongoing improvements to the A602, part-funded by Hertfordshire LEP.
The expansion will be part funded by a £6m Getting Building Fund investment from Hertfordshire LEP to support the growth of the county's film and TV sector and provide employment for local people.
The LEP Board has formally backed Hertfordshire Growth Board's decision to form a statutory joint committee.
The new interchange, part funded by a £9.6m Local Growth Fund investment from Hertfordshire LEP, will provide a significant upgrade to existing infrastructure and help improve connectivity.
The LEP Network has submitted the proposed deal to the Chancellor’s Comprehensive Spending Review, which sets out how LEPs will help secure a return on investment of c.£100bn in additional economic benefit.
A fantastic opportunity has arisen for an experienced business leader to join Hertfordshire LEP’s main Board and help lead real and positive change within the county.
Supported by a £1.2m Local Growth Fund investment from Hertfordshire LEP, the Spark Building was built to accommodate the growing companies creating the next wave of advanced cell and gene therapy treatments.
The designation from the Department for International Trade recognises the national and international significance of the cell and gene therapy cluster centred around Stevenage, and will be used to help inward investment to the area.
Learn how the LEP and its partners are working to accelerate economic recovery and re-ignite the economy by putting people and business at the heart of value creation.