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Regional Development

What Boston, Skegness and Mablethorpe hope to do with £75m to boost their economies

They are among more than 100 towns invited to bid for up to £25 million each from the Government’s Towns Deal

Skegness pier

Three Lincolnshire towns are bidding for a combined total of £75 million to boost their economies.

Boston, Skegness and Mablethorpe have completed their submissions for the Government’s Towns Deal.

They are among more than 100 towns across the º£½ÇÊÓÆµ that were invited to bid for up to £25 million each.

The three towns’ bids cover a series of linked projects that bring together the visitor economy, leisure, heritage, health and education.

Sarah Louise Fairburn, who chairs of the Connected Coast Board, which combines Skegness and Mablethorpe’s bids, said: “We are really excited to be able to deliver the Town Investment Plan for Skegness and Mablethorpe and to get started on the innovative and wide-ranging projects we’ve consulted on over the past year.

“We estimate the overall benefit in Gross Value Added (GVA) to Skegness will be £157,981,461 will mean 9,761 jobs. This is an amazing rate of return of £6 for every £1 we have asked for.

“It’s a similar story in Mablethorpe, where the GVA is expected to be £79,830,117 as well as a possible 4,920 jobs. This is also a great GVA ratio of 3:1.

“Both towns have a proud tourism offer and heritage that needs to be built upon to ensure their future.