Posted on December 18, 2017Category: News Tags: Growth Deal, Humber
The Humber Local Enterprise Partnership has supported one of the South Humber Industrial Investment Programme (SHIIP) projects at Stallingborough Business Park, through the Growth Deal Fund.
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.
Stallingborough Business Park key dates:
- Planning Submission = early 2018
- Construction Start = mid 2018
- Project Complete = mid 2019
North East Lincolnshire Council’s Cabinet has agreed to increase the funding to the programme by £8.4m to enable the full programme to be delivered which will benefit the economy, communities and increase the return on investment to North East Lincolnshire Council over the next 20 years.
These benefits include the generation of almost half a million square metres of employment floor space, significant employment land, creation of ecological mitigation to protect the environment and the construction of a new highway linking the ports.
SHIIP is a strategic investment programme which seeks to facilitate large scale economic growth within the Borough over the next 20 years and is fundamental to the delivery of the Local Plan and the Economic Strategy. The implementation of the programme is planned over a five year period (2016 -2021), with the following key outputs expected to be delivered: –
– 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
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.
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.”
Lord Haskins, Chair of the Humber LEP added:
“As one of our Enterprise Zone sites, I am pleased to see this strategic project at Stallingborough moving forward with Growth Deal support. The site offers an excellent opportunity to attract new jobs and investment to the region in an ideal location.”