A new funding deal for northern Lincolnshire will provide more than £5 million towards the regeneration of Grimsby town centre and support the development of job creation schemes in the area.
Funding has been awarded to the Humber Local Enterprise Partnership to bring forward two key developments for the Grimsby area following successful bids from North East Lincolnshire Council.
Around £3.7 million will be spent on infrastructure works at Riverhead Square, Cartergate and St James Square.
These works are expected to unlock up to £30 million in private investment, including a proposed major cinema/leisure project at Riverhead Square, creating up to 280 jobs.
A second grant of £1.6 million will support the early development works at the Stallingborough Enterprise Zone site.
The site is proposed for a mix of industrial and logistics/distribution land uses, and this first phase of works will involve investment in utilities and other site infrastructure to make the site ready for development.
This project will attract a further £1.3 million of council investment through the South Humber Industrial Investment Programme (SHIIP), leading to the creation of up to 43,000 sq.m of new industrial floorspace and up to 590 jobs.
Businesses will also benefit from a share of around £11 million that has been allocated to the Humber region for business development, growth and investment in infrastructure.
Councillor Peter Wheatley, portfolio holder for economy at North East Lincolnshire Council, said: “Together these projects will help lead to the creation of hundreds of jobs in Grimsby and Stallingborough.
“The Grimsby project will build on the works we’ve completed over the last few years in the town centre, and at Frederick Ward Way and St James Square, complementing the recent Cartergate development.
“The main focus of the work in Stallingborough is to open access and bring utilities to a key Enterprise Zone site in the SHIIP.
“Both are crucial to attracting further private sector investment in North East Lincolnshire and show how hard we’re working to create jobs and build a strong economy.”