North East Lincolnshire Council has committed £8.4m to programme costing about £42m that could create thousands of jobs on the Humber bank.
The South Humber Industrial Investment Programme, or SHIIP, will benefit the economy, communities and increase the return on investment to the Council over the next 20 years, say councillors.
The implementation of the programme is planned over five years with the following key aims: –
– Provision of 120ha of strategic mitigation land
– Provision of 2.5km of new adoptable highway through delivery of the Humber Link Road
– Facilitate the development of 489,000sqm built floor space
– Unlock 195ha of developable land
– Provision of 87ha of serviced land
– Generate between 3,411 and 8,675 jobs
– Improve the local economy by between £136m and £347m GVA
Funding for the projects has come from the Humber Local Enterprise Partnership, the Greater Lincolnshire Local Enterprise Partnership and European Regional Development Funds as well as North East Lincolnshire Council.
The overall programme, costing in the region of £42m, will see a range of projects delivered over the next five years.
As a result of the investment, the anticipated income for the project is expected to be at least £92.7m over 20 years.
Key projects in the scheme:
Stallingborough Business Park
Supported by £2.6m from the Humber Local Enterprise Partnership
Located off the Stallingborough Interchange on Kiln Lane, the proposed 64 hectare site will potentially support up to 3,959 jobs boosting both employment and the local economy. This part of the programme is supported with £2.6million of external funding provided by the Humber Local Enterprise Partnership.
• Planning Submission = early 2018
• Construction Start = mid 2018
• Project Complete = mid 2019
South Humber Bank Link Road
Supported by £2m from the Greater Lincolnshire Local Enterprise Partnership
A proposed strategic highway linking the ports of Grimsby and Immingham via Moody Lane, Grimsby and Hobson Way, Stallingborough. This road would facilitate development of allocated employment sites on the South Humber Bank and has the potential to support up to 922 jobs. This part of the programme is supported with £2million of external funding provided by the Greater Lincolnshire Local Enterprise Partnership.
• Planning Submission: early 2018
• Construction Start = mid 2018
• Project Complete = mid 2020
Strategic Ecological Mitigation
Supported by the £1.1m from the European Regional Development Fund and £2m from the Greater Lincolnshire Local Enterprise Partnership
This project protects the environment whilst encouraging economic growth on the South Humber Bank. The first of four potential sites is being progressed off South Marsh Road, Stallingborough and will be named Cress Marsh Nature Reserve specifically providing lagoons and ponds for protected bird species from the Humber Estuary. This part of the programme is supported by £1.1million of European Regional Development Fund and £2million from the Greater Lincolnshire Local Enterprise Partnership.
• Planning Submission for Cress Marsh = early 2018
• Construction Start for Cress Marsh = mid 2018
• Project Complete for Cress Marsh = mid 2019
• Key dates for other sites to be confirmed
The funding increase is to cover additional expenditure on assembling parcels of land, an increase in the specification for the South Humber Bank Link Road and a delay in receipt of anticipated external funding.
Planning applications are due to be submitted early 2018 with a start on site planned for summer 2018.
Councillor Peter Wheatley, portfolio holder for regeneration, said: “We have some massive regeneration projects coming on stream at the moment which will deliver huge changes across our borough.
“In the business park we are delivering “oven-ready” areas to de-risk the opportunities for investors – making sure the utilities and road network are in place and ready to use. The link road will become the strategic highway between Immingham and Grimsby, removing hundreds of lorries from the A180 between the ports. And our environment and wildlife will be better protected as we set aside swathes of land for nature reserves.
“The SHIIP scheme is another key part of that work to deliver a sustainable future for our residents and businesses.”