Leeds property investment and development company, Munroe K, has secured £17 million to improve transport infrastructure in South Leeds.
The company secured the funds after becoming the first external organisation to present to the West Yorkshire Combined Authority’s Investment Committee.
Specifically, the funds will be used in the development of the new White Rose Railway Station.
The development will be a pivotal part of promoting sustainability both within the White Rose Park and the wider South Leeds region, as well as supporting the West Yorkshire Transport Strategy 2040, which outlines the ambition to achieve a 3.5% reduction in car journeys by 2027.
With Leeds City Council declaring a climate emergency in 2019, the need for schemes to reduce car usage and increase uptake of more sustainable methods of travel has become ever more important, and the White Rose Railway Station is a key part of this aspiration.
The opening of the station will assist the regeneration of surrounding communities, reduce congestion on the highway network and highlight significant improvements to the surrounding walking and cycle network.
Following a committee meeting back in February, it was confirmed that the £17 million investment would comprise of £5m from the Leeds Public Transport Investment Programme, and up to £12 million from the Transforming Cities Fund.
Work on the scheme is expected to begin this summer, and an opening date is planned for May 2022.
“The White Rose Railway Station will be a catalyst to economic growth in the south of Leeds, as well as positively contributing to a reduction in carbon emissions,” said Munroe K founder and CEO David Aspin.
He added: “The new station forms a key part of that green agenda and the benefit of the Green Loan from Lloyds will help us deliver on our promises as we work together to improve sustainability across the White Rose Park.”