A £200million regional investment deal was signed in Milton Keynes today, which will include £23.5million on dualling a stretch of the A421 to Bedford.
This scheme is expected to create 2,500 new jobs as well as he see the construction of 2,900 new homes.
The deal also includes development of a high quality gateway at Bletchley Station worth £1.5million, which is expected to create 350 new jobs.
Greg Clark, minister for universities, science and cities, signed the deal at Transport Systems Catapult Centre.
He said: “The growth deals I have signed today will pass more power from Whitehall back into the hands of the people who know these local areas best.
“By devolving powers in areas such as housing and infrastructure, we are allowing local people to shape their development and become the architects of their own growth.
“The potential in Buckinghamshire and the South East Midlands is tremendous and the deals which were signed today worth nearly £2million will create 6,000 jobs, improve infrastructure and support businesses to grow and prosper.”
Other projects that are part of the deal, which is worth £79.3million for the region, include Central Bedfordshire’s Woodside Link, a new road which will connect Houghton Regis and the industrial estates in Dunstable to the planned new M1 junction 11a and create 5,800 jobs plus 5,150 new homes.
There is also the Bedford Western Bypass completing a route from the A428 south of Bedford to the A6 north of the town, a sustainable travel scheme in Luton and Dunstable, the Engineering Construction Skills Centre in Leighton Buzzard, and improved highway access and improved surface access for London Luton Airport.