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Multi-million pound UK motorway investment to create 6,000 homes, 4,000 jobs

Staff Writer |
The M181 Lincolnshire Lakes project will allow more than 6,000 new homes to be built and up to 4,000 jobs to be created by 2028, with up to 1,500 homes and 1,500 jobs predicted to be delivered by 2021.

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The scheme has been made possible by Government investment to improve the nearby M181 to serve the development.

Highways England’s Growth and Housing Fund is providing £8.6 million for the project, with North Lincolnshire Council topping up the remaining using developer contributions.

The Growth and Housing Fund is a pot of £100 million which provides financial contributions towards the cost of road improvements that are needed for new developments.

This is the second time an award has been made since the fund was set up earlier this year as part of the Government’s 2015 Road Investment Strategy.

The junction is necessary to accommodate the extra journeys the housing development will create.

Without the Government investment, the scheme would not have been viable. A detailed design of the motorway scheme will be completed later this year with construction due to start early next year.

Transport Minister John Hayes said:"This exciting project is an important part of our £15bn road investment strategy to deliver better journeys and help people get about and get on.

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