EAST Lindsey’s economy could be set for a massive boost if £1.5m for rural projects is agreed by the district council on November 23.
At yesterday’s Executive Board meeting, Executive Councillors agreed to ask the council to set up a Rural Economic Development Fund that local communities and organisations can can access to improve the area’s economy.
With a maximum grant of up to £50,000 proposed, the money would be targeted towards new projects or projects which increase or expand existing services.
Priority would be given to projects that increase investment; create or safeguard local employment; support the development of new business; attract additional visitors or increase the number of people involved in training or business development.
Portfolio Holder for Economic Development, Coun Craig Leyland, said: “We need to strengthen the economy across East Lindsey and this fund would demonstrate our commitment to doing so.”