Coming into focus this week is the independent consultants'
study that we commissioned into the economic and tourism benefits of the
Melksham Link. We always felt that the
link would give a boost to the regeneration of the town, but we needed
confirmation of this. With others we
commissioned AMEC Environment & Infrastructure UK Limited to carry out an
independent assessment. We have received
their report, and are beginning to publicise it.
We are hoping to create 5 kilometres of navigable waterway
to include new locks, bridges, a towpath and cycleway, together with visitor
mooring, landscaping, environmental improvements and even a hydro-electric
power scheme.
The AMEC assessment is that the building of the Link will
have benefits in both the short and long term.
During construction there will be up to 250 jobs, with local employment
and training opportunities.
Depending on the assumptions about how much traffic that
will come off the Kennet and Avon Canal to Melksham, the direct visitor spend
could be between £0.75million and £2.7 million per year, creating 20 to 75 new
full-time jobs. These jobs would in turn
inject a further £0.5 to ££1.7 million into the local economy.
The canal will be linked to residential and commercial
development in the town. AMEC estimated
that there would be 620 additional residential units, and 6,250 square metres
of retail floorspace. Since Melksham is
considering its housing development in any event, these new houses could fit
very well into the plans for the town.
And of course there would be the well-known positive effect on property
values from the 'waterside premium'.
Overall, from both tourism and regeneration, there could be
up to 430 net additional jobs. There
would be an injection of up to £7.5 million per year into the local economy,
equivalent to £55 million over ten years at present values.
So, an excellent story for the positive results of the canal
restoration. However we are not there
yet of course! The stage we have reached
is that we have submitted an application for planning permission, and
are working our way the questions that have been raised about the project as
part of that process. We are hoping to
clear all of that within this year.
There is also a lot of work to do bringing together all the interested
parties in the development side of the equation, but this new assessment
clearly shows how it could transform the fortunes of the entire town.
While the report is devoted mainly to the economic impact,
it also describes some of the social and environmental benefits. Not only would we be offering a new amenity
for boaters, canoeists, walkers, runners, cyclists and anglers, but also a new
wildlife corridor with wetland areas and hedgerows which would offset their
national decline in recent years, proving new habitats for otters, water voles
and kingfishers.
Such a safe and scenic route between local towns and
villages would also reduce the number of local car journeys and encourage more
active and healthy lifestyles.
Everyone benefits.
Chris Coyle
This is excellent. It looks like a really professional approach, on a forward thinking and exciting project. Thank you for your work on it.
ReplyDelete