Two hundred new jobs could be created in Lincoln, following the launch of a new business park, which has the potential to attract more than £25 million worth of investment to the south of the city.
Lincoln-based Chartered Surveyor Banks Long & Co and the North Hykeham Lindum Group say the seven-acre Discovery Park on Whisby Road, holds exciting promise for the local economy.
The site, which lies within the fast-growing LN6 area, will give firms an opportunity to buy or lease bespoke premises, designed and built to their individual requirements.
Banks Long & Co Director William Wall said that everyone involved in the project is confident about the prospects for the site, which is suitable for a range of businesses – and is already capturing attention.
“This is a prime location, offering excellent access to the A46, the A1 and the wider East Midlands. We expect the site to appeal to both local and regional manufacturers and also regional and national companies wishing to offer trade counter facilities.
“Commercial development land has always proved to be scarce in Lincoln and this strategic acquisition will allow Lindum to deliver much-needed employment space.
Well-known manufacturing and service companies already operating in the area include Siemens, Lincat, T C Harrison and Praxair Surface Technologies,” said Mr Wall.
Talks are already underway with parties that have shown an interest in leasing or buying space at Discovery Park and Mr Wall invited more companies wishing to know more to get in touch. The scheme is planned to accommodate units from 4,000 sq ft upwards.
In addition to the anticipated new jobs, Lindum Group points out that the development will generate a boost for local building and supply chain operatives involved in constructing the new premises.
Lindum Group Chairman David Chambers said: “Creating Discovery Park on this seven acre site, just around the corner from our own offices in Station Road, is a positive development for the local area.
“With the potential for more than 100,000 sq ft of new build business premises, this scheme could provide investment of over £25 million to the area.
“By providing bespoke design and build premises, on competitive freehold and leasehold terms, and being situated on the recently widened Whisby Road – with direct transport links to the A46 – this new business park has much to offer local businesses looking to expand or relocate, as well as inward investors looking to move to the county,” said Mr Chambers.
“Using our own experienced design and build team, we are able to provide solutions to meet the specific needs and requirements of clients’ businesses. Based on the proposed plans as they stand, this could create or secure 200 jobs at the site.
“As a local company, we are able to use our investment to improve the area on our own doorstep, as well as provide employment for our employees, partners and suppliers in the construction of the new facilities.”
North Kesteven District Council Leader Councillor Marion Brighton OBE, who has a special interest in economic growth, welcomed the new business park as a further initiative developing the distinctiveness of the District’s northern edge, as a place to do business, within the increasingly popular LN6 sector.
“The District Council is enormously proud and supportive of the expansive and varied range of businesses which have established in this area. We welcome this further opportunity for businesses to expand, relocate and invest locally where they will find a Council that is enterprising in its ambitions to improve the trading fortunes and prospects of everyone,” she said.
“North Hykeham is one of the region’s most attractive locations as a place to do business. As a Council, we are investing heavily ourselves in new units for start-up and growing businesses just along the road from Discovery Park and have an active partnership to promote LN6 and open further its potential for inward investment, expansion and growth.”