More than 60 developers, investors, land agents, housebuilders and influencers gathered at a recent landmark event in Gainsborough to kick-start major regeneration and drive inward investment into the historic town.
The Invest Gainsborough initiative, led by West Lindsey District Council (WLDC) and supported by the private sector, is actively promoting residential, commercial and mixed-used land earmarked for development.
Details of sites where 4,350 new homes will be built and 19 hectares of commercial land for growing businesses have been outlined in a development prospectus with the town’s ambitious vision, which was presented at the event.
Eve Fawcett-Moralee, strategic lead for economic development for WLDC said: “Our prospectus not only presents the scale and range of development opportunities, but also outlines the wider vision for the town.
“The town is expected to benefit from 12 per cent economic growth and around 3,000 jobs in the next 18 years. Many don’t realise how close Gainsborough is to major motorways and international airports too.”
Karl Tupling, executive director, Midlands for the HCA said: “The Greater Gainsborough Housing Zone offers enormous potential to drive up housing supply in the area and create thousands of new homes over the coming years.
“The town offers great potential for future homeowners and has significant brownfield land that could be developed with the river-frontage capable of delivering a range of housing types.
“The HCA will continue working in partnership with the council to seek first-rate developers to work on delivering these opportunities for local people.”
The event comes months after the government selected Gainsborough as one of 20 locations outside London with Housing Zone status and WLDC committed to a £18 million investment into the town.
Cllr Jeff Summers added: “We are committed to making Invest Gainsborough work and now with the governance structure in place and additional support from the HCA to aid growth we’re looking forward to speaking to more developers about the opportunities in the historic town.”
Invest Gainsborough is a programme of work delivered by West Lindsey District Council working in partnership with the HCA.
Find out more about the project at www.investgainsborough.com
Image: Back L-R Steve Gelder (CEO, Gelder Group), Cllr Patterson, Karl Tuplin (Executive Director, HCA). Front L-R Mark Hodgkinson (CEO HCA), Manjeet Gill (CEO WLDC), Cllr Jeff Summers, Eve Fawcett-Moralee (Strategic Lead Economic Development), Tim Downing (Senior Partner, Pygott & Crone)