West Lindsey District Council has announced a new partnership with mixed-use development and urban regeneration specialists, Muse Developments, to accelerate the regeneration of Gainsborough.
The initial phase of the development will focus on the historic Gainsborough town centre and will seek to develop a cinema with restaurant outlets to create a new destination on the western end of the town centre, creating a new public square.
There will also be extensive public realm improvements to the riverfront.
This development is set to create over 100 net new jobs in construction and a further 100 plus jobs during the operational phase of the development programme, contributing circa £14 million overall to the economy.
Councillor Sheila Bibb, Chairman of the Prosperous Communities Committee said: “Attracting a partner to West Lindsey District Council with excellent regeneration credentials gives the council real confidence that its growth plans are on target to deliver not only for Gainsborough but the wider economic benefits for the district.
Muse is a national developer with regional operations in Manchester, London, Leeds and Glasgow. They transform the urban landscape through partnership working, creating exceptional commercial, residential and mixed-use regeneration schemes.
David Wells, Regional Director at Muse Developments said: “We are at the start of a long journey with the council and are very much looking forward to working with them, the community and other stakeholders, to achieve the ambitions set out in the Invest in Gainsborough document.”
Councillor Jeff Summers Leader of West Lindsey District Council said: “This will lead to the total transformation of Gainsborough over the next five years to rebalance the town’s economy.
“This long term strategy to create a sustainable place, will refocus the minds of local business people and visitors alike creating a vibrancy we should all aspire to.
“I look forward to working with Muse in helping to deliver the renaissance of Gainsborough.”
A second phase of projects are under review and will announced later this year aimed to further regenerate the riverside area, brownfield land and sustainable urban extensions.