Almost £1 million in funding has been committed to develop and Advanced Manufacturing Unit on the Enterprise Zone site in Stallingborough in North Lincolnshire.
The project will deliver a 15,000 sq ft light industrial unit, designed to meet the needs of an advanced engineering manufacturing business.
The unit will offer a mix of office, research and development, manufacturing and distribution space.
£950,000 was committed by the Humber LEP Board via the Humber’s Local Growth Fund secured by government as part of their Northern Powerhouse commitment.
The unit will be suitable for a range of business uses in the long term and is intended to support the advanced manufacturing sector which has been identified by North East Lincolnshire Council as a particular target for the site.
The 64ha site is a designated Enterprise Zone and is being promoted and delivered by North East Lincolnshire Council with support from landowners.
This scheme has been brought forward to secure an anchor tenant in order to generate further investment interest at the Stallingborough site.
North East Lincolnshire Council also are set to commit £1,766,880 towards the project – which will support 80 new jobs and will provide 1,394 sqm of floorspace in total once complete.
“The manufacturing sector is one of huge importance to our region – and is an area we have highlighted in our Humber Industrial Strategy as essential to the future growth of the region,” said Lord Haskins, Chair of the Humber LEP.
“We hope this unit not only provides jobs for local people as the project is completed, but also helps to attract further businesses to the Stallingborough site.”
Minister for the Northern Powerhouse and Local Growth, Jake Berry MP, said: “This significant investment in the Enterprise Zone in Stallingborough, made possible with almost £1 million from the Government’s Local Growth Fund, will support the advanced manufacturing sector in Humberside, help generate further investment in the site and bring new jobs to the area.”