Siemens’ £35m vote of confidence in Lincoln

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Many investors and business leaders are today operating with varying caution in a pre-Brexit Britain, and in the midst of a general election scrum, yet there’s one industry giant in Lincoln that has no hesitation in moving forward.

Managing Director of Siemens in Lincoln Neil Corner has told The Lincolnite that booming markets across the globe in the company’s Industrial Turbomachinery arm have propelled the company into expansion of its flagship Teal Park site in North Hykeham.

As reported yesterday, Siemens is investing £35 million in purchasing its Teal Park site and moving its storage and servicing facility into a new state-of-the-art building there.

An artist impression of the new building on Teal Park, as part of the £35 million expansion for Siemens.

Works, currently based at Freeman Road, will be transferred to the new 7,000 square metre Global Service Operations Centre. Building work is set to begin in May and completed by January.

All the roles at Freeman Road have been secured and around 40 members of staff will be transferred to the new facility. The business also plans in the near future to increase headcount in the expanded facility with a number of new hires within around a year.

Neil Corner said the new facility would be bigger in capability and more efficient, investment will also go into the newly-designed kitting out inside, such as modern high-rise racking, storage facilities and carousels.

He added that the company’s investment strategies have not been scaled back ahead of Brexit, but called for assurances around EU Research and Development funding.

Read the full interview with Neil Corner on Lincolnshire Business here.