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<p> </p><p>HS2 will help to promote economic growth and drive regional regeneration
by bringing our major cities closer together, supporting job creation across the country
and deliver around £2 of benefits for every £1 spent.</p><p> </p><p>The Department
has not assessed the potential economic benefits of extending HS2 to Colchester.</p><p>
</p><p>Only last Monday (7th July) Government announced the first instalment of plans
to invest at least £12billion in local economies across England in a series of Growth
Deals, between 2015/16 and 2020/21.</p><p> </p><p>As part of their Growth Deal the
South East Local Enterprise Partnership (which includes Essex as well as Thurrock,
Southend, Kent, Medway and East Sussex) has secured some £442 million to support economic
growth in the area – with £64 million of new funding confirmed for 2015/16.</p><p>
</p><p>As part of this allocation there is £2m for a programme of sustainable transport
measures in Colchester, alongside a further £10m for integrated transport packages
in the Town Centre. This is on top of a provisional allocation in the region of £3m
towards transport improvements in the A133 Colchester to Clacton corridor.</p><p>
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