Skegness and Mablethorpe secure Town Deal worth £48.4 Million
March 3, 2021
The two towns on the Lincolnshire Coast are looking forward to an exciting future after receiving the news they are to be offered millions of pounds from the Government's Towns Fund scheme.
Last year Skegness and Mablethorpe joined forces to bid for £50 million, forming the 'Connected Coast' board and put forward ambitious projects aimed at creating a more attractive place to live, work and play, and to boost the local economy, leading to more jobs for local people.
The Plans attracted over £30 million of support from local and national organisations and businesses and opens the door for future development across the strategic alliance of East Lindsey District Council and Boston Borough Council.
This opens opportunities with the government and the private sector about future ways to support and revitalise the towns post COVID, providing a huge boost to regeneration and economic recovery.
The terms of the Towns Fund offer will be signed in partnership with the Connected Coast Town Deal Board and East Lindsey District Council to enable the funding to be released before work starts on developing the business cases for each project.
Chair of the Connected Coast board, Sarah-Louise Fairburn, said: "We are incredibly excited to have achieved two Town Deals for the Lincolnshire Coast, and it is down to the hard work of the Town Fund team and support of the ambitious Connected Coast board. To us, this is the start of a transformative journey and the Towns Fund is just the tip of the iceberg. The hard work starts now and we hope this initial success will act as a catalyst for further investment, creation of jobs and growth on the coast, and even more interest from the private sector.
"We know the potential and the great base we have to build on here, so we can't wait to start this great journey of change. We want people to visit, residents to be proud of their area, and for the future to be secure for business. There's real passion here and we want to capitalise on that."
East Lindsey District Council Leader, Councillor Craig Leyland, said: "We are delighted to have secured a Town Deal for both town areas of Skegness and Mablethorpe. Not only will this see the Town Investment Plans come to life, but the focus this brings to the Lincolnshire coast can help us secure more investment in the future."
Councillor Steve Kirk, East Lindsey District Council's Portfolio Holder for Coastal Economy, added: "Our coast has a very promising future and this funding will be integral to making that a reality and helping to transform an area that has often been overlooked. We will now be able to enhance both areas for the benefit of our local communities and the many millions of visitors we welcome each year."
To learn more about the ambitious plans, visit www.connectedcoast.co.uk