Eurovia UK based in the south-west of the country has been appointed as the contractor for £4.8 million Peppermint Junction scheme in Holbeach.
The scheme includes the installation of a new, three-arm roundabout and four-arm roundabout on the A151, leading to development land to the west of the A151 for the creation of Peppermint Park, Holbeach: A Food Enterprise Village, which will include a Food Enterprise Zone (FEZ) and the delivery of approximately 900 new dwellings.
The British construction firm is expected to commence construction work on May 8 and is projected to be complete by spring 2018.
The FEZ is designed to support agri-food businesses, with a particular focus on the food technology sector.
When complete, the multi-million pound development will create around 59,000m² of new business space, capable of supporting over 2,000 jobs.
The University of Lincoln has outline planning consent to move part of its existing Holbeach campus to a new, purpose-built facility within the FEZ.
Funding for the project includes £2.4m from the Greater Lincolnshire Local Enterprise Growth Fund, with the remaining to come from developers and the county council.