Major northern investment as Yorkshire town gets £67m funding

Major northern investment as Yorkshire town gets £67m funding

Greater Grimsby has secured a major investment valued at £67m to drive forward exciting regeneration plans for the area

The groundbreaking investment, under a Stage 1 Town Deal, will see around 10,000 new homes built by 2032 and more than 8,800 new job opportunities created in the area.

On 5 July at Grimsby’s Marine Operating Centre, The Greater Grimsby Project Board, led by David Ross and the North East Lincolnshire Council, gathered together local MPs, Local Enterprise Partnerships (LEPs) and leaders from both the private and public sector.

The major investment announced by business minister Lord Henley and Jake Berry MP, local growth minister, will lead Greater Grimsby closer to the shared vision the board holds for the future.

Largest UK offshore wind operations base

The move reflects the government’s commitment to promoting local partnerships and forging strong links with local communities to deliver transport improvements, enhance infrastructure and attract more local investment into areas to boost construction and job opportunities – 350 of which will be at Grimsby’s Royal Dock, where local employer Ørsted is constructing the biggest UK operations base for offshore wind.

Matthew Wright, managing director for Ørsted UK, said: “Grimsby is fast becoming a world-leading hub for renewable energy and this Town Deal can only help the area continue to grow. I’m delighted to see this partnership signed as it will help unlock further investment, drive regeneration and deliver jobs.”

A wide ranging regeneration scheme…

  • £2m more to the area from the government’s local growth fund to support major road improvements to Moody Lane and Woad Lane that connect to key South Humber Industrial Investment Programme Enterprise Zone sites
  • £65m of investment already being provided by North East Lincolnshire council (£35m) and government (£30m) to support the regeneration plans for Greater Grimsby
  • government expertise and support including through Homes England and Historic England’s Heritage Action Zone initiative to help develop the housing and town centre with a focus on heritage-led regeneration and the development of the South Humber Industrial Investment Programme sites

Jake Berry said: “This once-in-a-generation Town Deal signals a new dawn for Greater Grimsby with millions of pounds in government funding supporting the delivery of thousands of new jobs, significant local investment in regeneration, and nearly 10,000 new homes by 2032.

“The new Town Deal delivers on the government’s promise to give communities the tools and resources they need to kick-start growth and regeneration while presenting new and exciting economic opportunities for the local community.”

As the Northern Powerhouse fights for more devolution to and investment in the north of England, there is also huge regeneration taking place in the nearby city of Leeds, which has seen a surge of growth in recent months that is set to continue with future investment.

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