Town to create more than 8,000 jobs as £67m regeneration funding approved

A £67m investment to regenerate Grimsby has been approved by the government.

More than 8,800 jobs and nearly 10,000 new homes will be delivered in Greater Grimsby as part of the Stage 1 Town Deal, unveiled by Local Growth Minister Jake Berry MP and Business Minister Lord Henley.

The deal will give Grimsby major investment to improve key roads and establish Enterprise Zones to attract and support businesses to the area increasing further investment and employment.

An example of this is Ørsted, which building the UK’s largest operations base for offshore wind at Grimsby’s Royal Dock and creating 350 jobs.

North East Lincolnshire Council is providing £35m of the investment while the remainder comes from the government, including £2m to help improve the town’s roads.

Berry said: “This once-in-a-generation Town Deal signals a new dawn for Greater Grimsby with millions of pounds in Government funding supporting the  delivery of thousands of new jobs, significant local investment in regeneration, and nearly 10,000 new homes by 2032.

“The new Town Deal delivers on Government’s promise to give communities the tools and resources they need to kick-start growth and regeneration while presenting new and exciting economic opportunities for the local area.”

Cllr Ray Oxby, leader of North East Lincolnshire Council, said the announcement was a hugely significant piece in the Town Deal jigsaw.

“Last year, we pitched an ambitious plan to central government to show them who we are and what we can do.’

“The focus of that plan was that Greater Grimsby has the capacity to accomplish so much more than it has and that by bringing together key people with shared aspirations we can work with the community to build a prosperous and sustainable future for our town.”