April 3, 2018
Henry Boot’s Nexus 25 scheme moves closer with green light for junction access
Henry Boot Developments’ Nexus 25 scheme in Taunton has moved a step closer with planning permission for a multi-million pound upgrade of Junction 25 of the M5.
Planning permission for the upgrade was required to validate the Local Development Order (LDO) approval for Nexus 25, with the scheme now green-lighted. HBD will deliver the scheme with its joint venture partner, Summerfield Developments.
Nexus 25 is an important development for Taunton given its capacity to secure inward investment, raise the skill base in the area and create up to 3,000 new jobs.
The scheme will comprise facilities for research and development, high-quality offices, light industrial units and warehouses – flexible premises for a wide range of businesses in various sectors.
Planning approval for access to the site – at Junction 25 – removes a final obstacle to the delivery of the scheme. Junction 25 is the main access point to Taunton, while also providing a vital link to the second primary route into the South West, via the A358 and A303. Aside from unlocking land for the development of Nexus 25, the junction upgrade will also improve traffic flow and ease peak-hour congestion.
The upgrade is expected to cost around £18m, with allocated funding of £12.9m from the Heart of the South West Local Enterprise Partnership (LEP) Growth Deal Fund, Taunton Deane Borough Council, Highways England and developer contributions.
Julian Painter, director and head of HBD’s Bristol office, said: “The approval of works at Junction 25 was essential for the delivery of the Nexus 25 scheme, given that it will create the access road to the 25-ha site.
“Nexus 25 is a hugely significant scheme for both Taunton and the wider county; a catalyst to bring investment into the area, boost skills and create thousands of new jobs. It will make a huge difference in strengthening Taunton’s status as a major growth centre in the South West. With approval for the access route now secured, we’ll be focusing on moving the project forward.”