Councillors fear Lincolnshire could lose more than £350m of economic benefits if the new Government’s spending review blocks investment in North Hykeham relief road near Lincoln.
Only weeks after councillors instructed officers to move forward with the plan, the new Government announced it was reviewing the funding of £110m approved in 2020.
There are fears that if the road is not built, Lincolnshire could lose out on over £350 million in economic benefits over the next 60 years.
At a meeting tomorrow councillors will discuss the potential implications of the decision. Cllr Ian Carrington, chairman of Environment and Economy Scrutiny Committee, said: “The consequences of the government removing funding for the project would be far reaching, and the committee hopes to identify these, to draw attention to the ramifications, and put pressure on our local representatives and national policy-makers.
“The consequences of not building the road are considerable and are likely to mean that the development of 4,500 new homes and 7 hectares of employment land would be become unviable, representing a massive, missed opportunity for economic prosperity.
“I have invited officers working on the project, affected councillors, and the MPs for Lincoln, and Sleaford and North Hykeham, to the meeting for the committee’s discussion about what this uncertainty around the funding would mean for our county.”
Cllr Richard Davies, executive member for highways at Lincolnshire County Council, said: “Completing a ring-road around Lincoln is not only about easing traffic congestion within the centre of the city, it will open up land for new development, attracting further investment and new employment opportunities, boosting our local economy and providing homes for local residents.
“Conversely, not completing the project could mean stagnation in the local economy, and add further congestion coming in and out of the city and across the wider county.
“This isn’t a potential future scheme that we’re looking for funding for. If the government decide to pull funding for the North Hykeham Relief Road, this would be a case of cancelling something that has already been agreed, and one that a lot of work has already gone into to bring to this stage. It would be a huge kick in the teeth for the people of Lincoln and Lincolnshire.”
The Department for Transport allocated £110m funding for the North Hykeham Relief Road project in 2020, with the rest of the scheme funded by Lincolnshire County Council and developer contributions.
Work was expected to start late next year, with Balfour Beaty having been ned a principal contractor.
