North Kesteven District Council’s plans for a new £2 million Teal Park development would create 19 units to support local businesses and create hundreds of jobs.
In response to a demand for smaller workspace units locally, NKDC plans to purchase 20,000 sq ft of land at Teal Park in North Hykeham – building into its £21 million capital programme for supporting business growth.
Subject to planning approval, the scheme would be designed and built by contractor Lindum Group.
The plans will be considered in April 2015 with building hoped to start in June and reach completion in November.
NKDC’s proposed units will be a range of sizes between 500 sq ft and 2,000 sq ft and the council is also seeking to create four more business units in Metheringham in addition to its 86 current units.
Councillor Marion Brighton OBE, NKDC Council Leader with Executive, said: “Our estate of almost 80 units in other areas of the district have maintained a 100% occupancy for some time now, which gives us the confidence to invest further in supporting expanding businesses through the provision of such high-quality space.
“As the council’s wider involvement in the LN6 project gathers momentum and progresses, the rationale and benefits of this investment become clearer and stronger by the day.”
The land is currently owned by Lincolnshire County Council and the park is shared by companies including Siemens’ turbine servicing plant and Lincolnshire’s Energy from Waste Facility.
On March 2, Taylor Lindsey was also awarded planning permission for 26,700 sq ft of new business space at its Teal Park site.