TWO large development schemes in Lancaster are to receive a £7m helping hand.
The Lancashire Enterprise Partnership (LEP) this week announced a £13m investment in economic development across the county, with a large chunk of this being allocated to the Lancaster area.
The Luneside East development, on St George’s Quay, will receive a £4m loan from the government’s Growing Places fund to remove pollution and contamination from the site so that building work can start.
Luneside East has been identified as a “priority one” scheme, which means it can access the fund immediately and pay back the money more quickly.
A further £3m has been allocated to Lancaster Science Park, one of three “priority two” schemes across the county which could access the fund in 2012/13.
The money is for improving highways access and infrastructure.
See the Lancaster Guardian (23-02-12) for full story.