Siemens will be the first company to move into a new business park in North Hykeham, after approval of the project at a planning committee.
On September 5, planning approval was given by North Kesteven District Council to allow Siemens to move its turbine servicing operation at Teal Park.
The development of Siemens’ plot will cost £20 million and the company plans to move in by the end of 2012.
Facilities from Siemens’ factory in central Lincoln will be relocated to Teal Park — as will 1,000 local jobs.
Siemens has permission for four buildings on the site, for the servicing part of Siemens’ Global Centre for Competence for the design, manufacture and service of gas turbines.
There will be a 6,953 sqm of office space, 7,849 sqm of workshop, 5,029 sqm of warehouse and 2,000 sqm of test facilities.
Siemens will also use sustainable measures on site, such as using rainwater for toilet flushing and industrial processes, electric charging points for cars, other sustainable transport options and solar panelling.
Leader of North Kesteven District Council Councillor Marion Brighton said: “Siemens will essentially act as the anchor tenant for Teal Park, providing the site with a global name to promote credibility as a business location, which will act as a catalyst and magnet for further business investment.
“This move shows great confidence in the local economy at a time of recovery and highlights North Kesteven’s status as a positive place to do business.”
Councillor Wallace Lee said: “This is a great boost to North Kesteven and the wider Lincoln area; the culmination of a lot of hard work and careful negotiation in a short space of time, which has resulted in the best possible outcomes for all concerned.”
Teal Park is a 37 hectare plot, alongside the A46 bypass. The plot offers a mix of office, storage and other plots for businesses, as well as space for a hotel and showrooms.