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Investment in Lincolnshire to create 7,300 jobs

Published: Tuesday, 14 March 2017   Category: All Graduate Jobs News

Lincolnshire has been awarded around £30 million from the Government to help create jobs, supports businesses and encourage growth.

The latest round of Local Growth Funding - also known as the Growth Deal – will be used to create a new Centre for Health Science at the University of Lincoln, support for the establishment of three Food Enterprise Zones and a Skills Capital Programme across Greater Lincolnshire.

A number of other projects are also set to benefit which will aim to improve infrastructure in the area and also create jobs.

The total amount of funding is set to help create over 7,300 and also attract £186 million in additional private sector investment over the next 10 years.

Local Growth Minister Andrew Percy MP said: “As well as creating new jobs and supporting businesses, we're investing in the next generation with a new skills programme to improve access to further education.”

The hope is that the investment will also ensure young people in the area have all they need to reach their potential.

Higher level of skills and innovation

The new Centre for Health Science on the University of Lincoln campus will cost around £5 million and will drive a higher level of skills and innovation throughout the health and care sector.

Professor Mary Stuart, Vice Chancellor of the University of Lincoln, commented: “We are delighted to have been awarded Growth Deal funding towards a new Greater Lincolnshire Centre for Health Science.”

Additionally, £6.5 million will be used on a Skills Capital Programme, which will aim to deliver high-quality skills for people in Greater Lincolnshire.

An advanced engineering research and development centre is also set to receive just under £2 million worth of funding to go towards building costs.

The new investment brings the total amount of Growth Deal funding that the Greater Lincolnshire area has received since 2014 to £155.45 million.

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