Skegness has been given a massive cash boost of £4 million towards a new business park and western relief road.
The Greater Lincolnshire Local Enterprise Partnership (LEP) has welcomed today’s announcement of a £40 million funding boost for Greater Lincolnshire – with a further £27.5m earmarked for the future.
The Government’s Growth Deal, which the LEP and its partners have been negotiating for nine months, will give Greater Lincolnshire new resources and powers to build infrastructure, create jobs and train local people.
“The deal we have secured represents a major boost to our economy,” said Ursula Lidbetter, chairman of the Greater Lincolnshire LEP, which has been negotiating with Whitehall and Cities Minister Greg Clarke to secure the £39.86 million deal.
“We have worked very hard to achieve this very positive outcome in the face of some stiff competition from other regions.
“From the moment we were invited by Government to put together our strategic economic plan, we worked with our local partners to develop our assets and address our key economic challenges across Greater Lincolnshire before outlining the proposals that will bring about sustained economic growth.
“Not only will the Growth Deal support job creation, it will also improve our skills base and allow us to invest in our infrastructure to meet the economic needs of the future.”
A further £27.48 million has been earmarked for spending in 2016-17 subject to additional information and approval. The projects which would benefit from this would include Skegness Sustainable Transport to the tune of £4 million.