A GROUNDBREAKING £14 million deal has been clinched to allow three major Worcestershire developments to go ahead - including Worcester Technology Park.

The Treasury has confirmed that the county council can access key funding to progress with a trio of iconic projects.

It includes:

- £6m towards the technology park, a 50 hectare site off Junction 6 of the M5 for blue chip firms

- £4m towards the Hoobrook Link Road, a major north Worcestershire congestion-busting route connecting the A451 Stourport Road to the A442 Worcester Road

- £4m towards Malvern Hills Science Park’s expansion

The cash will be offered from the Government’s Public Works Loans Board, which means it does need to be paid back but not at commercial rates.

The decision puts an end to any doubts the schemes were in trouble, especially as the technology park is still without an anchor tenant since Worcester Bosch pulled out in September 2012.

Talks have taken place with at least one major, mystery international company about filling the void by making the site its UK base.

Work on the complex is yet to start but under the timetable the first raft of business units are due to be available by the summer of 2014.

The total funds going towards the park is £18m, and a main anchor firm will get enough floor space to employ upwards of 1,000 people.

Worcester MP Robin Walker said: “I look forward to seeing Worcestershire County Council’s plans for using this valuable finance in order to deliver much needed employment land including the technology park.

“It’s great news that the Government is sharing some of its ability to borrow cheaply with our local authority in order to fund vital infrastructure investments to deliver jobs and growth.”

Councillor Simon Geraghty, deputy leader and the cabinet member for economy, skills and infrastructure, said: “It's great the Treasury has allowed us to access cheaper borrowing on a number of our key projects to facilitate economic growth in the county.

“We will be now looking to work up the details around how this will be utilised to ensure these projects can move forward.”

The Hoobrook Link Road is costing a total of £12m, which will open up the north of the county for a major economic boost by linking it more closely with the south by the spring of 2015.

The project lies south of Kidderminster town centre and will make a series of sites viable for housing and employment, including the former British Sugar site.

The science park in Geraldine Road, Malvern has drawn up plans for a major expansion, known as phase four, because of its popularity with emerging high tech cyber security firms.