The works will pave the way for a new £750m power station to be built and operated by Irish energy company ESB, which it has said could create the large number construction jobs.
The £2.45m of funding has been allocated from the LEP’s Growing Places Fund which provides loans for projects that will create economic and employment growth in the city region.
The loan will be repaid and so available to the LEP to recycle to other projects. St Paul’s Developments has already undertaken the demolition and decommissioning of the 25 acre section of the Knottingley site which had been the former home of Oxiris Chemicals for 70 years.
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement