Lincolnshire will be getting a cash boost of nearly £30 million

Cash boost for Lincolnshire
Cash boost for Lincolnshire
0
Have your say

Lincolnshire will be getting a cash boost of £29.45 million to help create jobs, support businesses and encourage growth.

The money will be used to support the Gainsborough Growth Project and a Food Enterprise Zone in Hemswell Cliff.

Local Growth Minister, Andrew Percy MP, said: “This latest £29.45 million funding will make a real difference to people in Greater Lincolnshire.

“As well as creating new jobs and supporting businesses, we’re investing in the next generation with a new skills programme to improve access to further education. It will give young people the tools they need to reach their potential.

“It is further proof that we will back the people of Greater Lincolnshire with resources to get the region firing on all cylinders, now and in years to come.”

Other projects will also benefit which aim to improve educational attainment, create jobs, build homes or improve infrastructure.

This latest award of Local Growth Funding is in addition to £126.06 million of growth-related money already awarded to the Greater Lincolnshire LEP since July 2014.

The total funding allocation could help to create or safeguard more than 7,300 jobs, build 7,500 homes and attract £186 million in additional private sector investment over the next 10 years.

The Greater Lincolnshire LEP’s Lead Board Director for Food and Farming, Mark Tinsley, said: “The £6.5 million investment into our three Food Enterprise Zones will be a very positive stimulus and emphasises the importance of the positive collaboration between Greater Lincolnshire’s LEP and our local authorities when it comes to securing funding.”