Member Article

£13.3m Lincolnshire Lakes project to create 4000 jobs

A £13.3m road improvement scheme in North Lincolnshire has been given the green light, paving the way for thousands of jobs and homes to be created.

The M181 Lincolnshire Lakes project will allow more than 6,000 new homes to be built and up to 4,000 jobs to be created by 2028, with up to 1,500 homes and 1,500 jobs predicted to be delivered by 2021.

The scheme has been made possible by Government investment to improve the nearby M181 to serve the development.

Highways England’s Growth and Housing Fund is providing £8.6m for the project, with North Lincolnshire Council topping up the remaining using developer contributions.

The Growth and Housing Fund is a pot of £100m which provides financial contributions towards the cost of road improvements that are needed for new developments. This is the second time an award has been made since the fund was set up earlier this year as part of the Government’s 2015 Road Investment Strategy.

John Hayes, Transport Minister, said: “This exciting project is an important part of our £15bn road investment strategy to deliver better journeys and help people get about and get on.

“The new junction on the M181 in North Lincolnshire will help the local economy to grow - delivering 4,000 jobs, 6,000 homes and opportunity for people in the area.”

Jim O’Sullivan, Highways England’s Chief Executive, said: “The £100m Growth and Housing Fund is a key means by which Highways England is strengthening its contribution to local communities and economies, and I am delighted we have been able to make this significant award.”