The Greater Lincolnshire Local Enterprise Partnership has secured a further £14.8 million for major developments in the latest round of Growth Deals announced by the Government today (Thursday).
The additional funding is more good news for the area’s economy and brings the total allocated to Greater Lincolnshire under Growth Deals so far to £126.1 million.
The new money will go towards five key projects:
• the South Humber Industrial Infrastructure Programme (SHIIP) phase 1 in North East Lincolnshire
• the first phase of regeneration of Scunthorpe town centre
• the first phase of the Lincolnshire Lakes development in Scunthorpe
• Agri-Food Centre of Excellence at the University of Lincoln in Holbeach
• Peppermint Interchange (highway improvement) in Holbeach
Ursula Lidbetter MBE, Chair of the Greater Lincolnshire LEP which has been negotiating with Whitehall, welcomed the latest deal.
“Once again Greater Lincolnshire has done very well in this latest round of funding from central government which supports growth and job creation in the regions by providing money for major infrastructure projects,” said Ursula.
“The five projects which made up our bid for the second round of Growth Deals focus on improving vital transport infrastructure at the ports, building on our excellence in the agrifood sector at Holbeach, unlocking land for much-needed housing and transforming Scunthorpe town centre.
“The latest Growth Deal will bring almost £15m of additional Government funding into Greater Lincolnshire to kickstart these projects, giving our economy a further boost and creating jobs.”
Last year’s Growth Deal for Greater Lincolnshire is already bringing £48.3m of investment in the first year (2015/16) and a further £62.9m from 2016/17 onwards.
It is supporting 12 major developments across Greater Lincolnshire, from the Grantham Southern Relief Road in the south of the county to the Boole Technology Centre in Lincoln.
Greg Clark MP, Minister for Cities, said: “For Britain to fulfil its potential every part of the country must be an engine of growth. Our successful programme of City Deals and Growth Deals has put power and resources into the hands of local leaders. This billion-pound expansion of Growth Deals fuels the momentum that is now under way in our local economies.”
More detailed information about Growth Deal projects and quotes from key individuals can be found below. This news release and background documents will be available to download from Thursday 29th January 2015 at http://shootingstar-pr.co.uk/newsroom.