The University of Lincoln has outline planning consent to move part of its existing Holbeach campus to a new, purpose-built facility within the Food Enterprise Zone (FEZ).
The FEZ will be located next to the A17 and A151 and is designed to support agri-food businesses, with a particular focus on the food technology sector.
Once phase one of the multi-million pound development is complete, it will create around 16,000sqm of new business space and be able to support over 400 jobs.
The university recently hosted an event where over 20 organisations and business from across the county and beyond gathered to learn more about the opportunities available from this project.
Lincolnshire County Council is also promoting major residential growth on land adjacent to the FEZ, with up to 650 new homes expected to be built to the east of the A151.
The Greater Lincolnshire Local Enterprise Partnership secured £2.1 million towards the cost of Peppermint Junction from the Growth Deal which it negotiated with central government.
The junction has opened up access to development land located to the east and west of the A151, with a further £3 million allocated from the LEP’S Growth deal to help create the Peppermint Park FEZ.
Ursula Lidbetter MBE, Chair of the Greater Lincolnshire Local Enterprise Partnership, said: “Our strategy is to double the value of our food and farming industry in Greater Lincolnshire by 2030.
“To achieve this we not only need to help our existing businesses in the food sector, we also need to encourage new businesses to start up. The Holbeach Food Enterprise Zone is strategically located to allow that expansion.”
Councillor Colin Davie, executive member for economy and place at Lincolnshire County Council, also believes the move will positively benefit local business, adding: “Agri-food and food manufacturing are of enormous importance to the county. In fact, the food sector is our third biggest sector and contributes £2.5 billion every year to the area’s economy. By developing land for the food enterprise zone, we want to support existing businesses, while also attracting those interested in investing and relocating to the county.”