A £2.5 million investment to improve two roundabouts on the A46 in Lincoln will have the potential to create 2,000 jobs and new homes, Lincolnshire County Council has said.
Funding, released as part of a £29.5 million Growth Deal awarded to the Greater Lincolnshire region on Thursday, March 9, will be used to improve traffic flow on the A46/A15 Riseholme and Nettleham roundabouts in Lincoln.
Work is set to widen approaches to lanes and exits with the aim of cutting congestion and potentially unlocking 2,000 jobs, new homes and 50,000 square metres of commercial space.
The government is also providing £1m for the ‘pinch point’ project at the A16/A17 Sutterton roundabout.
The scheme will see the approach lanes widened to increase traffic flow. The council says the scheme would enhance a route that brings in much of the traffic from the south into the county and forms a strategic link for the agri-food sector.
This project could potentially unlock 150 new homes and 15,000 sq m of commercial space, creating or safeguarding around 200 jobs.
Councillor Richard Davies, Executive Member for Highways, said: “Lincolnshire’s roads are the arteries of the county – essential to its economic prosperity and quality of life.
“Both these projects will make a real difference, making it easier for people to get around and kick-starting developments that are potentially worth millions to the county economy.
“I’m delighted the government has made this funding available.”
Both grants are subject to a full business case which will be completed at a later stage.