A business group is bidding for £50 million of Government funding to improve the local economy with Skegness set for a slice to improve infrastructure and create new jobs.
The Greater Lincolnshire Local Enterprise Partnership has put forward the ambitious bid after submitting its growth plan which focuses on improving the area’s most important employment sectors.
These are agri-food, manufacturing, tourism, care, low carbon, and ports and distribution.
Twelve projects have been singled out to gain benefit from the fund and one of those is the Skegness Western Relief Road. This aims to open up land for investment in visitor economy attractions and reduce a transport bottleneck that affects tourism traffic and potentially deters repeat visitors.
Ursula Lidbetter, chairman of the Greater Lincolnshire LEP, said: “It’s important our bid is nationally competitive, so we have identified upcoming projects which will stimulate growth, and which we feel fulfill the needs of the brief.
“The aim is to prioritise projects that can be delivered in the short term which unlock private sector investment. We are very proud of our Growth Plan and believe it represents a real opportunity to help ensure that projects and schemes which will boost our economy can go ahead.
“Funding will be allocated on the strength of this plan, and we believe that we’ve put forward a bid which is rich in detail, and well considered. Each scheme which we’ve identified is different. We are asking for £50 million to allow the projects, which already have other funds secured, to go ahead.”
Lincolnshire County Councillor for economic development and LEP board member, Coun Colin Davie, said the bid was supported by evidence and he hoped that the Government would finance it.
He said: “This will bring enormous opportunity for tourism jobs, new industry and light scale industry development as well as housing developments. The Western Relief Corridor will be the start of what will be long-term investment in the area.”