Three new infrastructure projects and a housing project are set to get underway after more than £8m from the Government’s Local Growth Fund (LGF) was secured by the Humber Local Enterprise Partnership.
The allocations, which are subject to a final business case, come shortly after the announcement of investment in a programme of road and cycle improvements to the A180 and link roads as part of the Grimsby Town Deal in early July.
This brings the total allocation of LGF across the four projects this month to £10m.
The four projects are:
Development of Priory Park in Hull (£1.44m)
The project will open up 12 acres of land at Henry Boot Way in West Hull in order to generate further private sector investment of up to £15m, the development of up to 15,600sqm of commercial floor-space and the accommodation of up to 280 jobs.
South Humber Gateway Scheme in North Lincolnshire (£2.5m)
The scheme will upgrade the highways infrastructure, improving connectivity between the Port of Immingham, oil refineries and the strategic road network whilst ensuring that the infrastructure also supports any future businesses operating around the South Humber bank.
Delivering Housing Growth in Hull (£4m)
The programme will unlock up to 1,000 homes for open market sale and affordable rent by tackling site issues and adverse ground conditions. A further 100 empty properties will be brought back into use and a renewal programme will provide frontage and energy efficiency improvements in prioritised areas.
A180 and highway improvements in North East Lincolnshire (£2.1)
This phase 1 of 3 will deliver essential maintenance to two key industrial roads connecting directly with the A180 and leading to important employment sites. It will also increase sustainable travel options for cyclists and pedestrians within key employment zones.
Lord Haskins, Chair of the Humber LEP said: “I am delighted that the LEP Board has decided to allocate funding to these four important projects.
“The three road projects will improve access to key employment sites, including our Enterprise Zone sites, helping to support business growth and job creation.
“It is essential that we have an infrastructure that supports growth, and these latest investments through the LEP will make a further contribution to that.
“The expansion of the Hull housing programme will enable the development of new homes and bring empty properties back in to use.
“This is a highly effective programme which should be regarded as a national exemplar that could be rolled out elsewhere.
“It is helping to transform the housing market in the city, which is vital for its future prosperity.
“Our previous £10m Growth Deal investment has achieved great results, so I am sure that this further £4m investment will be just as successful.”
The Northern Powerhouse and Local Growth Minister Jake Berry said: “This Government is committed to boosting economic growth across the whole of the Northern Powerhouse and building a country that works for everyone.
“We have invested a total of £3.4 billion in Growth Deals directly to the Northern Powerhouse.
“The Humber is an important part of the Northern Powerhouse and this £10m infrastructure investment from the Local Growth Fund will help support communities, further local growth, and create jobs and new homes in the area.”:
Cllr John Black, Hull City Council Portfolio Holder for Housing added: “New and improved housing is at the heart of the Council’s approach to regeneration, playing a significant role in attracting new investment and business expansion in the city.
“Over the last six years we have facilitated building just over 3,000 new homes and 700 empty homes have been brought back into use, along with extensive home improvement works to both council and privately owned properties.
“This £4m Growth Fund award means we can continue our ambitious housing regeneration programme which is key to unlocking more new build and improvement works city-wide. Furthermore, investment in new and current housing stock brings more training and employment opportunities for local people too.”
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