Two projects in Holbeach are among those sharing a whopping £14.8 million Government cash injection it was announced today (Thursday).
A roundabout at Peppermint Junction – where the A151 link road connects with the A17 – and the planned Agri-Food Centre of Excellence at the Holbeach campus of the University of Lincoln are benefiting from the latest round of Government Growth Deals.
The Holbeach schemes are each due to net around £2.4million.
Three other projects elsewhere in Greater Lincolnshire will also get a slice of the cash.
The massive investment was secured by Greater Lincolnshire Enterprise Partnership.
A roundabout at Peppermint Junction is seen as the key to unlocking housing and economic development projects in the town.
The University of Lincoln is developing a centre of excellence for the agri-food industry with a focus on higher level skills and agri-tech and food manufacturing research.
The aim is to strengthen research, technological development and innovation in Lincolnshire’s agri-food industry to boost competitiveness.
Professor Andrew Hunter, from the University of Lincoln, said: “The centre will act as a gateway for collaboration between the university and local industry, strengthening collaboration and contributing to regional competitiveness.”
Coun Nick Worth said South Holland has a vital role to play in the county’s economic prosperity.
He said: “The roundabout at Peppermint Junction is a much requested and vital part of infrastructure that will enable both housing and economic development and be of huge benefit to the town.
“The food sector around Holbeach and Spalding makes a major contribution to both the local and national economy.
“I am pleased that we have been able to work with the Greater Lincolnshire LEP to bring this project forward and to support the further growth of our agri-food sector.”
Greater Lincolnshire LEP chairman Ursuala Lidbetter said: “Once again Greater Lincolnshire has done very well in this latest round of funding from central government which supports growth and job creation in the regions by providing money for major infrastructure projects.”
• Millions poured into Lincolnshire in a funding round last year, but South Holland didn’t get a penny.