Land at the Boston Road Industrial Estate has been expanded to create the Hornbeam Business Park, with offers on two plots received before project completion.
Lincolnshire County Council invested £1.5m, matched with £400,000 from East Lindsey District Council, to create four acres of serviced land in Horncastle, establishing the Hornbeam Business Park.
Prior to project completion, two local buyers already submitted offers on plots to support their growth ambitions in the area.
Cllr Liam Kelly, executive councillor for growth, said: “Our councils invested here as businesses told us they needed space to relocate and grow in the county.
“It’s great to see that two local companies have already snapped up this opportunity, and that we’ve been able to work in collaboration with the district council to support and fulfil their needs.
The development of Hornbeam Business Park is part of a wider expansion of business and industrial parks across the county. This shows the council’s commitment to target investment that supports critical, high-growth sectors such as advanced manufacturing, defence, and agri-food, and small businesses in general across the county, offering opportunities for growth and supporting soft landings for businesses investing in Lincolnshire.
Cllr Kelly explained: “This project is one of many expansions across the county, with work to industrial estates and business parks in East Lindsey, Lincoln, South Holland and West Lindsey, also in the pipeline.
“In Horncastle this project alone will support around 65 high quality jobs and deliver up to £2.4m of added value to the local economy every year, which is a great return on our investment.
“And, all in all, the council’s wider plans will support around 3,000 job opportunities across Lincolnshire, demonstrating our commitment to driving growth and generating private investment in the local economy.”
Cllr Adam Grist, East Lindsey District Council portfolio holder for market towns and the rural economy, added: “I’m delighted to see the swift uptake of land at the new Hornbeam Business Park, which is a clear demonstration of how East Lindsey’s economy can continue to grow and buck the national trend, bringing exciting new investment and opportunities into Horncastle and our other towns and villages.
“By working in partnership with Lincolnshire County Council to fund this development, we have helped create a quality and attractive space for local businesses, that meets the needs of new and growing enterprises and can help support the long-term prosperity of the district.”
One plot remains available at the Hornbeam Business Park. Any interested businesses can find more information and arrange viewings here.