Plans for an advanced manufacturing park outside Scunthorpe have been unveiled, thanks in part to Growth Deal funding allocated by the Greater Lincolnshire LEP.
North Lincolnshire Council has struck a land deal to create space for high-skill, low-carbon industries, taking advantage of the Humber’s freeport status.
Money allocated by government from the Towns Fund has been used to buy up 65 acres of farmland off the M181, paving the way for the creation of a four million square foot carbon-neutral business park.
Greater Lincolnshire LEP has invested £4.5m of its Growth Deal funding in the creation of the strategically important Northern Junction roundabout in Scunthorpe, which was completed early this year.
The investment enabled negotiations to take place on adjacent land to move the Lincolnshire Lakes housing and employment land scheme forward.
The resulting development will be the UK’s first carbon-neutral advanced manufacturing park, and it is expected to create up to 2,000 highly skilled jobs.
The project will now be taken through the planning process.
Pat Doody, Chair of the Greater Lincolnshire LEP said:
“This recent announcement demonstrates the significant impact that strategic public investment can influence.”
“We look forward to seeing the substantial economic growth across Greater Lincolnshire that this hub for research, development and innovation will undoubtedly deliver.
“The decarbonisation agenda is at the heart of the Humber estuary, and the development of a Humber Freeport is driving cluster development in the energy sector, so opportunities for the AMP are likely to be plentiful.”
For the latest from our region, subscribe to Midlands Matters, the official newsletter of the Midlands Engine.
Green Growth
Nov 30 2023
Major new plans for a multi-million pound East Midlands zero carbon innovation centre - aiming to transform cutting edge green research into commercial products - have been unveiled by East Midlands Freeport.
Read more
Green Growth
Nov 30 2023
A programme that supports organisations to develop green energy and carbon reduction schemes in Derbyshire has won a category at this year’s Innovation Awards.
Read more
Economic Opportunities
Nov 27 2023
To coincide with this week’s UK Global Investment Summit, the Midlands Engine Partnership, Midlands Innovation and Midlands Enterprise Universities have today [27 November] launched an innovative new campaign to drive international investment into research and development across the Midlands.
Read more