An investment of £20m over four years will be made by the county council to fund business growth projects in Lincolnshire.
The council’s executive have agreed to use the council’s own money for economic development to encourage and support businesses to start up, grow and re-locate to the county.
The money will be used to expand business parks, create new office spaces and to build a new facility supporting manufacturing companies to get the skills and expertise they need to thrive.
Cllr Colin Davie, executive councillor for economy at Lincolnshire County Council, said: “We know that in many parts of the county there is a limited amount of suitable serviced land for businesses to grow or re-locate to. This investment means we can keep businesses in the county and provide around 3,000 new high quality jobs.
“It also means that, with the devolution investment in Sleaford Moor Business Park, there will be significant investment in business infrastructure in every district of the county in the coming years.”
Picture shows Cllr Colin Davie. Image credit: Lincolnshire County Council
