A new major business park proposed for Lincoln could attract up to £25 million of investment for the local economy, creating some 200 new jobs in the process.
Discovery Park on Whisby Road to the south of the city would give firms an opportunity to buy or lease bespoke premises, designed and built to their individual requirements.
The seven-acre site is suitable for a range of businesses and plans to accommodate units from 4,000 sq ft upwards.
In addition to the anticipated new jobs, the development will generate a boost for local building and supply chain operatives involved in constructing the new premises.
Banks Long & Co Director William Wall, who are partnered with construction firm Lindum Group for the creation of the Discovery Park, said: “This is a prime location, offering excellent access to the A46, the A1 and the wider East Midlands. We expect the site to appeal to both local and regional manufacturers and also regional and national companies wishing to offer trade counter facilities.
“Commercial development land has always proved to be scarce in Lincoln and this strategic acquisition will allow Lindum to deliver much-needed employment space.”
Lindum Group Chairman David Chambers said: “With the potential for more than 100,000 sq ft of new build business premises, this scheme could provide investment of over £25 million to the area.
“By providing bespoke design and build premises, on competitive freehold and leasehold terms, and being situated on the recently widened Whisby Road – with direct transport links to the A46 – this new business park has much to offer local businesses looking to expand or relocate, as well as inward investors looking to move to the county.
“Using our own experienced design and build team, we are able to provide solutions to meet the specific needs and requirements of clients’ businesses. Based on the proposed plans as they stand, this could create or secure 200 jobs at the site.”
North Kesteven District Council Leader Councillor Marion Brighton OBE, who has a special interest in economic growth, welcomed the new business park as a further initiative developing the distinctiveness of the District’s northern edge, as a place to do business, within the increasingly popular LN6 sector.
She added: “North Hykeham is one of the region’s most attractive locations as a place to do business. As a council, we are investing heavily ourselves in new units for start-up and growing businesses just along the road from Discovery Park and have an active partnership to promote LN6 and open further its potential for inward investment, expansion and growth.”