Council welcomes new Government growth funding deal for Lincolnshire9 March 2017
The funding comes from the Single Local Growth Fund
Greater Lincolnshire has secured £29.45m of Government funding for a range of major projects designed to drive growth.
The Greater Lincolnshire Local Enterprise Partnership has been awarded the funding through the Single Local Growth Fund. It will be used to kick-start a host of schemes (subject to a full business case), including:
- A new £5m centre for health science at the University of Lincoln
- A £6.5m skills capital programme, designed to attract investment and development in the higher and further education sectors
- Three food enterprise zones in Holbeach, Hemswell Cliff and Grimsby
- An advanced engineering research and development centre created in partnership by Siemens and the University of Lincoln
There are also projects that will improve transport infrastructure at key locations, unlocking housing and commercial developments.
Cllr Colin Davie, Executive Member for Economic Development at Lincolnshire County Council and Greater Lincolnshire LEP board member, said: “This money will mean new jobs, new houses and new infrastructure for Lincolnshire.
“We’ve been tirelessly making the case that Lincolnshire is a good place to invest and produces a great return on that investment. The Government clearly supports that message.
“I’m particularly pleased they have made £6.5m available for three food enterprise zones in Holbeach, Hemswell Cliff and Grimsby. Our agri-food industry is massively important to the county economy, and these developments will provide a significant boost.
“I think the investment in the new centre for health science is also critically important, especially in light of the health challenges faced across such a large, rural county. If we are to realise our vision for health and care in Greater Lincolnshire, we need to develop further training facilities. This project is very much a step in the right direction.
“Together with the other planned projects, these schemes will drive growth across Lincolnshire, cementing our place within the Midlands Engine and ensuring a prosperous future for our county.”