Monday, June 1, 2020

Major investment programme aims to transform Scunthorpe

A major investment in green energy, digital infrastructure, business services and culture aims to transform Scunthorpe.

Ten projects are being developed as part of the multi-million-pound investment programme. Detailed studies will now be pulled together with cash made available from the Government’s Towns Fund.

Including among the proposals, which represent the largest investment programme in the town for generations, include the building of both an advance manufacturing park and a technology business incubator hub.

It also aims to boost green energy systems and an integrated, green rail system, as well as boosting rail capacity into major cities across the north.

As well as ensuring every home and business in the town has access to Gigabit internet, it will also fund a scheme to attract for graduates to live and work in the area. Proposals also include general improvements to the town and its cultural offering.

The Town’s Fund itself will receive up to £25 million but it will be used to leverage hundreds of millions of additional funding for the raft of projects designed to revolutionise the area.

It follows from almost £40 million which has already been invested in the town centre in recent years and will be led by the public-private partnership Towns Fund Board which is administering the town’s share of a £3.6 billion national government scheme designed to rejuvenate towns across the country.

“We have enjoyed an incredible amount of support from Government, particularly in cash terms and we have been able to invest in the people and place of North Lincolnshire. Now we are in position to really catalyse that,” said Rob Waltham, leader of North Lincolnshire Council.

“This is the culmination of many years work planning and preparing and we have a great team with an unparalleled skillset around the table – from the local government officers, regional and national government representatives and importantly senior business leaders. We look forward to developing these proposals further with local stakeholders.

“We have seen across the last few weeks an incredible response to protect the most vulnerable in North Lincolnshire in response to Covid-19. We must  capture that sense of community which has been shown into some of these projects.

“These proposals will be fundamental in helping to grow the economy of North Lincolnshire, they will help people stay safe and well and they will enable the communities to flourish creating wealth and prosperity. If ever we needed the wider backing to achieve this and push North Lincolnshire and Scunthorpe further on it is now.”

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