July 30, 2015 11.51 am This story is over 104 months old

Business park extension set to boost Lincoln economy

Boosting Economy: An expansion to a Lincoln business park will see a boost for the cities economy.
Commercial Sales Negotiator Sam Hill from Pygott & Crone, Director of LEP Developments Nick Falkinder & Stewart Maher from Maher Millard Construction

Work has started on an additional seven commercial units at Lincoln Enterprise Park on the A46 near Thorpe on the Hill, which is set to boost to Lincoln’s economy.

The extension to the industrial park will provide much needed commercial space for new start up businesses and is expected to be completed by December 2015.

The park is already home to 13 businesses including Maher Millard Construction, which has been contracted to build the new development.

Of the seven units, costing £85,000 and each measuring 975 sq ft, five have already been sold off-plan.

Nick Falkinder, Director of LEP Developments, which owns the park, said: “We’re offering businesses a rare opportunity to acquire a freehold commercial property on the outskirts of Lincoln which will bring investment and new jobs into the county.

“These mixed-use units have been specifically designed for small or start-up businesses and can be used for workshop, office or storage space.

“Surveys have shown that start-ups have been growing in record numbers during the first quarter of 2015 and we’ve received a lot of interest already from businesses looking to buy their own premises.

“However, investors looking to purchase and then lease a commercial property have also been in touch so there could also be units available to rent.

“Given the level of interest we’ve received in this fourth phase we hope to be able to continue to grow and build more units for both start-up and more established business in the future.”

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