Town to receive another £3.5m worth of Government funding
Communities Secretary MP Robert Jenrick has announced over £3.5m worth of Government funding for Grimsby.
It includes £2.2m of new investment for the next phase of its landmark Town Deal. In addition, the Humber Local Enterprise Partnership (LEP) has awarded £1.3m, provided through the Government’s local growth fund program.
The additional investment brings the total commitment of public and private funding to over £90m to deliver ambitious targets of over 8,000 new jobs and nearly 10,000 new homes in Grimsby through the UK’s first Town Deal.
On top of this, Grimsby will also still have the opportunity to bid for up to £25m as part of the £3.6bn Towns Fund.
Part of the money will fund work to boost footfall in Grimsby town centre, by providing a high-quality replacement pedestrian footbridge over the River Freshney and improving 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.
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.
“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.”
MP Simon Clarke, Minister of State, Ministry of Housing, Communities and Local Government said: “Town Deals are a key part of this Government’s strategy to grow our regional economies.
“Towns like Grimsby have a proud history as the birthplaces of industry, and it is right that they lead the way in levelling up prosperity across our nation.”
Councillor Philip Jackson, leader of North East Lincolnshire Council, said: “We’re delighted to have made further progress on our ambitions to deliver the Town Deal and grateful to Government for working with us to help deliver these schemes and get spades on the ground. This announcement further cements the government’s belief in what we’re doing in Grimsby.
“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, chairman of the Humber LEP, said: “We very much welcome the announcement of the third phase of the Grimsby Town Deal.
“The continuation of the commitment by Government to work with businesses and the local authority to further the regeneration of Grimsby is extremely positive news.
“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.”
