Key projects get £7m cash boost

Luneside Works Mill building, which is due to be demolished as part of the Luneside East project
Luneside Works Mill building, which is due to be demolished as part of the Luneside East project

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.