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05/03/2020

Jenrick announces £3.5m Grimsby Town Deal funds

Grimsby / Mat Fascione

Communities secretary Robert Jenrick has approved over £3.5 million of government funding for Grimsby, including £2.2 million of new investment for the next phase of its Town Deal.

The Humber Local Enterprise Partnership (LEP) was also awarded £1.3 million through the government’s local growth fund programme – bringing the total public and private funding to at least £90 million.

The Town Deal aims to deliver 8,000 new jobs and nearly 10,000 new homes in Grimsby. It was initially announced in July 2018 that a £67 million “stage 1 Town Deal” had been agreed with Greater Grimsby.

A year later in July 2019, the government committed another £4 million to the regeneration of the town.

This £3.5 million of funding will provide a high-quality replacement pedestrian footbridge over the River Freshney and improve the attractiveness of the strategic Garth Lane site to potential investors.

The investment will also fund highway improvements to Frederick Ward Way, giving pedestrians greater access to the town centre from Garth Lane.

Grimsby will also still have the opportunity to bid for up to £25 million as part of the £3.6 billion Towns Fund.

Jenrick said: ”The Grimsby Town Deal has already provided millions of pounds of investment to support local plans to develop Grimsby town centre and help business to create more high-quality jobs. I’m pleased to announce the next phase of funding today.

“Grimsby is leading the way and we want to replicate this deal in over 100 towns that will benefit from this government’s £3.6 billion Towns Fund – which will also fund further projects in Grimsby.

“We want to level up all parts of the country, ensuring that opportunity and prosperity is available to all and we unleash the potential of the Midlands and the North.”

Philip Jackson, leader of North East Lincolnshire Council, said: “The Town Deal is acting as a catalyst to unlock a much wider regeneration programme for Grimsby town centre and the Port of Grimsby. It has the potential to realise new commercial, cultural, leisure and residential opportunities on the port and on under-used land around Alexandra Dock.”

“Delivering the Town Deal will bring about major changes for north east Lincolnshire and help to deliver a brighter future for our residents and businesses.”

Lord Haskins, chair of the Humber LEP, said: “The Humber LEP are pleased to support the development of Frederick Ward Way as part of the Town Deal, with £1.3 million allocated from the Local Growth Fund to support highway improvements on Garth Lane, which will in turn help unlock potential in Grimsby town centre.”

Read more

£4m for Grimsby regeneration

Town deal struck for Greater Grimsby

Image credit | Mat Fascione

 

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