First-time buyers in Lincolnshire could soon have thousands more new homes to choose from with the announcement of new development sites across the county.
The Midlands Investment Portfolio was revealed recently at four-day real estate exhibition MIPIM, held in Cannes, France, bringing together businesses and investors from around the world. Almost 4,000 new homes, retail space and transport infrastructure were announced at the event by Team Lincolnshire - a group of local council employees and business leaders.
Among the projects outlined were plans to build sustainable housing and a new relief road in the Grantham Southern Quadrant, Lincolnshire Live reports. Around 3,500 new houses are expected to be built and a relief road will be established to connect the A1 with the A52.
A further 300 new homes are planned for the town centre, along with a cinema and other developments.
Chairman of the Midlands Engine and delegate Sir John Pearce described the Midlands Engine as the largest economy outside London and one of the fastest growing. “Where we are going to make a difference is not just the Midlands but in the north, east, south and the west,” he added.
Recently, plans were unveiled by West Lindsey District Council to invest in housing provision throughout Gainsborough. The council was awarded a grant worth £5.5 million to implement its INVEST regeneration plan, which will see the creation of new homes and developments across the town.
Councillor Jeff Summers, leader of West Lindsey District Council, said that the cash injection would help the town to meet its housing growth targets.
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