Work to build 15 new commercial units for start-up and growing businesses in North Hykeham could begin in spring 2020, if plans are approved.
If given the green light, North Kesteven District Council will invest £2.2 million developing part of Discovery Park on Whisby Road, just off the A46.
The new development would be called Discovery Court. It would take up 1.25 acres of Discovery Park, leaving 4.25 acres still available.
The new units would be built by Lindum, who own the land at Discovery Park but will sell it to the district council as part of the deal.
The units would range in size from 750 to 2,750 sq ft. They will be split across three blocks and will be arranged in a courtyard style around a central access road and 29 parking spaces.
Planning officers are expected to make a decision on the proposals by the end of January.
Matthew Carter, Lindum Development manager, said: “The design of the building is very much in keeping with the characteristics of the local area. The site is well located in terms of access to public transport links.
“There is a bus stop 200 metres away and Hykeham Train Station is within walking distance.”
Councillor Richard Wright, Leader at North Kesteven District Council, said: “This proposal is another demonstration that we are open for business and that this council wants to do everything it can to develop new jobs in our district.
“The scheme aims to support business growth for start-up and expanding businesses in the LN6 area. The scheme demonstrates NKDC’s commitment to providing businesses opportunities and support and the £2.2 million development will help to achieve this.”