Work has started to build 3,000 new homes as part of the £1.3bn Lincolnshire Lakes development west of the M181 in North Lincolnshire – that will create 5,000 jobs. The development is believed to be the largest residential led regeneration scheme in the north of England – covering 5,100 acres of land.
When completed, the ambitious project will create six new villages on the outskirts of Scunthorpe.
Plans also include major improvements to the existing roads, including two new junctions, which will help reduce congestion in busy areas .Also included is a £13m flood defence scheme to improve flood defences along the River Trent to protect Lincolnshire Lakes residents and existing communities of Burringham and Gunness.
Kevin Mudd of GB Strategic Land Fund which has delivered the project for North Lincolnshire said:
“This is a significant milestone as we take the first steps to create this fantastic vision that will make a huge difference to people’s lives.
“Lincolnshire Lakes is a large-scale development that will totally transform and regenerate the area – creating thousands of jobs and business opportunities and new homes.
“I would like to pass my personal thanks and congratulations to all those who have contributed to making this come to fruition, in particular North Lincolnshire Council, the Homes and Communities agency and the LEP without whom this would not have been possible.”
The partnerships which have been formed will transform this part of North Lincolnshire. It will provide much needed housing, infrastructure improvements and leisure facilities both for those already living locally and for those attracted here by the opportunities generated by the South Humber Gateway.
Nick Walkley, HCA Chief Executive, said:
“This is a great example of how government-backed investment can provide the infrastructure necessary to allow a long term project to get off the ground.
“Our £24 million loan will enable our partners to unlock this £1.3 billion 3,000 home development.”