Expansion of Horncastle Industrial Estate to Bring Jobs and Growth
Work has officially started on the expansion of the business land at Spratt Close in the town.
Lincolnshire County Council has invested £1.5m into the creation of Hornbeam Business Park in Horncastle. When complete, the site will offer around 4 acres of serviced land which could be split to create up to 3 serviced development plots.
The total cost is around £1.9m with East Lindsey District Council contributing £400,000. It’s forecast that the development will generate more than 65 new jobs.
Cllr Colin Davie, executive councillor for economy at Lincolnshire County Council, said:
"This is another great project led and predominantly funded by the county council that ensures businesses have the land and facilities to grow and develop. Businesses in the area have told us that they really needed space to relocate and grow, and we’re committed to doing all we can to help.
“And it’s not just in Horncastle that we’re investing in business growth. The council has committed £20m over the next four years, to boost Lincolnshire’s business facilities. This includes offices and industrial parks for our world leading sectors such as advanced manufacturing, defence and agri-food, in Grantham, Lincoln, and Holbeach. We’re also planning more expansions to industrial estates like this one in Horncastle, in West Lindsey, East Lindsey, and Boston Borough. This will support the creation of 3,000 job opportunities across the whole of the county.”
The site management is being carried out by Team Lincolnshire ambassador Lindum Construction.
Lindum director Kevin Damarell said:
"Good infrastructure was essential for economic growth, and that the new road would help unlock potential for investment and job creation in Horncastle.
"We’re pleased to be working with Lincolnshire County Council to deliver this project, which was procured via the Scape regional construction framework. By improving access, the council is laying the foundations for future economic growth, supporting existing businesses, and encouraging new ones to set up here.”
The marketing of the site has now started with details available here.