A £13.3 million road improvement scheme on the M181 in Lincolnshire has been given the green light.
Highways England is providing £8.6 million for the project through its Growth and Housing Fund, with North Lincolnshire Council covering the rest with developer contributions.
The M181 Lincolnshire Lakes project is hoping to lead to increased growth in the area, with a predicted 4,000 jobs to be created by 2028, as well as up to 6,000 new homes.
The improvements will involve creating a new roundabout around a mile from where the M181 meets the M180, providing easy access to the new homes and business properties.
Transport Minister John Hayes said: “This exciting project is an important part of our £15 billion road investment strategy to deliver better journeys and help people get about and get on.
“The new junction on the M181 in North Lincolnshire will help the local economy to grow - delivering 4,000 jobs, 6,000 homes and opportunity for people in the area.”
Cllr Liz Redfern, leader, North Lincolnshire Council, said: “This marks yet another milestone in this huge development – the largest housing regeneration scheme in the North of England. Developers Lucent Fund and Maltgrade have now received the go-ahead for the two largest phases of the scheme and we have yet to receive further applications for the remaining homes that will complete the development. Besides new homes, there’ll be new schools, pubs, restaurants, lakes, sport and leisure activities and community centres plus much more.
“North Lincolnshire Council is extremely grateful for this huge government investment. It demonstrates, it is listening to the needs of our local area. The Lincolnshire Lakes project is fundamental in helping our area grow and prosper. It will create thousands of jobs and opportunities for people and a top tourist destination in a beautiful lakeside setting. This will, without doubt, be the catalyst to a greater future for North Lincolnshire.”
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