With plans to develop more than 4,000 new homes, as part of the large-scale regeneration of Gainsborough, more than 60 developers, investors, land agents and housebuilders gathered at a major event in the town this week to kick-start a major drive for inward investment into the area.
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 prime commercial land for growing businesses have been outlined in a development prospectus with the town’s ambitious vision, 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.
“This should reassure investors that, with support from the Homes and Communities Agency (HCA) and local private sector businesses, that this isn’t just a flash in the plan but a real turning point for the town.
“We’re really excited to talk to so many potential investors about the opportunities available here and I’m confident this will help to spur on the town’s rejuvenation.”
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, according to Karl Tupling, executive director, Midlands for the HCA.
He commented: “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.”
Find out more about the project by clicking here.