Work has started on a new 51-acre business park in Spalding which could transform the economic prospects of the town and South Holland in general.
The Lincs Gateway project is due to be completed by the end of the year and will feature a 52-bedroom Premier Inn hotel, Brewers Fayre pub/restaurant, petrol filling station, shop and conference centre.
Holbeach-based Ashley King Developments and Moran Asset Management of Warwickshire, who are jointly behind the project, believe that up to 1,000 new jobs could be created over the next ten years by Lincs Gateway which will be sited on land off the A16.
Ashley King, owner of Ashley King Developments said: “Lincs Gateway will offer bespoke (purpose-built) business accommodation for a range of uses in a very prominent location.
“There is currently a shortage of quality space in south Lincolnshire and I am confident there will be a great deal of interest in the scheme.”
The project will be undertaken in two phases, with an entrance to the site, hotel, restaurant and conference centre to be completed first.
A number of purpose-built business and industrial units, the filling station and “truckstop” shop make up phase two.
Michael Moran of Moran Asset Management said: “It is an exciting time to be embarking on this project which could ultimately deliver between 500 and 1,000 jobs over the next decade.
“By starting on site now with the conference centre and hotel, we are setting in place plans for a key business hub for the wider region.
“We believe that Lincs Gateway Business Park will help to strengthen the economic base of Lincolnshire and, long term, encourage inward investment into the area.”