£50m boost for Lancashire

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A MASSIVE £50m investment in Lancashire’s future has been welcomed by an MP.

Mark Menzies, MP for Fylde, said it was “tremendous news” that Lancashire County Council were putting money into jobs, growth and infrastructure and, particularly, young people.

It follows an announcement by County Councillor Geoff Driver who said the authority would be spending £10m on boosting employment for young people, £5m on concessionary travel for young people as well as a further £5m on new employment initiatives.

Around £5m will be invested in superfast broadband while £1m is also being put aside to be invested in libraries.

There will also be £15m investment in new transport programmes and £7m on solving traffic congestion at Broughton, Preston as well as cash for new “youth zones” and investment in a programme which will see armed forces veterans act as mentors in schools.

Mr Menzies said: “This is tremendous news, particularly in terms of spending on young people and the economic infrastructure of Lancashire.

“This all comes at the same time as the council tax has been frozen showing what a good deal the Conservatives are providing for taxpayers.”

Around £40m of this initial funding has come as a result of changes LCC made in September 2009 to the Council’s treasury management policy and £10m is as a result of additional back office cost savings.

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