West Lindsey District Council will invest in a commercial enterprise park to lease to business tenants.
The council plans to purchase 6,000 sq ft of workspace on the Riverside Enterprise Park, Saxilby.
Stirlin Developments, Castle Square Developments and Lambert Smith Hampton will be working closely with the council on phase three of the development.
As previously announced, the 5.8 acre park has been constructed by Lincoln firm Stirlin Developments off Skellingthorpe Road, providing commercial industrial and office premises’.
The council’s Corporate Policy and Resources Committee approved the decision to invest in the development in December 2017.
It will comprise:
- 3 x 1,000 sq ft
- 1 x 1,500 sq ft
- 2 x 750 sq ft units
Leader of West Lindsey District Council Councillor Jeff Summers said: “We are delighted to be able to invest in this exciting, high quality development in West Lindsey.
“As well as creating another revenue stream for the council we will be increasing the work opportunities for residents and providing that essential work space for budding entrepreneurs to flourish and supporting other businesses to relocate.
“Small businesses cannot always afford to build/purchase their own premises and the principle of developing small workspace units to accommodate new and expanding SMEs (Small Medium Enterprises) in order to generate jobs and wealth in our district is supported.
“This is all part of our investment strategy. Economic Growth is our new mantra for 2018. Breaking ground and creating opportunities for 2019.”
James Kirby Managing Director Stirlin Developments added: “The transformation of the site has been very pleasing and following on from Phases 1 and 2, the development now offers exciting design and build opportunities.”
Matthew Johnson Associate Director Lambert Smith Hampton commented:
“West Lindsey Council’s support and confidence in the location, further endorses Riverside Enterprise Park’s credentials, as being one of the leading commercial business parks within the area.”