Warwickshire County Council and John Laing have announced their intention to withdraw from the agreement to develop Kenilworth railway station.
Since September 2009, when John Laing was appointed by the County Council as Joint Promoter and Funder of Kenilworth station, both parties have worked together and achieved substantial progress on the scheme, including planning permission, Network Rail technical approvals, land purchase option and production of a positive scheme business case.
However, in October 2010, it was confirmed that the Department for Transport Major Scheme Bid funding route was no longer available to new entrants.
Consequently and after exploring other potential sources of funding, the county council and John Laing submitted a bid for funding through the new Regional Growth Fund in January 2011.
Unfortunately the bid was unsuccessful and the County Council and John Laing have reviewed their relationship.
The agreement will now continue until June 2011 in order to complete some outstanding work in order that the scheme will be in an advanced state of readiness to take advantage of future funding opportunities.
Cllr Alan Cockburn, the county council’s Portfolio Holder for Environment and Economy, said:
“We are grateful to John Laing for continuing to support the development of the scheme beyond the original programme to enable us to seek alternative funding for the project.
“The scheme remains a priority for the county council and the people of Kenilworth and we will pursue every opportunity to deliver it.”