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Ministers have today (14 May 2012) approved 拢10 million of government funding for the redevelopment of Northampton station designed to help transform the town鈥檚 economy.

Transport Secretary Justine Greening and Communities and Local Government Secretary Eric Pickles have signed off a 2 year funding deal to go towards the redevelopment of Northampton station.

The redevelopment is the first step in a substantial regeneration project in the town which will stimulate the growth of Northampton鈥檚 economy creating opportunities for thousands of new jobs.

Transport Secretary Justine Greening said:

Northampton deserves a station that will be a brand new 鈥済ateway鈥� to the town and stimulate the redevelopment of the station area. But more importantly it will give a boost to the waterside enterprise zone and its ambitious plans to unlock the town are potential and encourage more businesses into the area.

After the Northampton waterside scheme was designated as an enterprise zone last year, Northampton and local MPs, led by Brian Binley, made a great case for extra government investment in Northampton station and I鈥檓 proud that we have been able to provide this funding.

Communities Secretary Eric Pickles said:

Northamptonshire is using its enterprise zone to energise the local economy and boost business. As these new opportunities for innovation and enterprise open up it is vital the infrastructure is in place to match Northampton鈥檚 ambitions.

This 拢10 million for the Castle Railway station is another step forward in Northampton鈥檚 resurgence as a place where local communities thrive.

Together with funding from Network Rail and Northamptonshire County Council the government鈥檚 contribution will go towards phase one of the redevelopment scheme which includes a new station building and access to the platforms, which will bring benefits to passengers.

The West Northamptonshire Development Corporation can now look at how they can take forward subsequent phases of the 拢20 million redevelopment which will include a new larger car park and release of land for commercial opportunities close to the station.