May 2000
£1 million Louth development will bring
up to 100 jobs

A £1 million privately funded speculative industrial development aimed at kick-starting a further £5 million industrial expansion programme at the expanding Fairfield Industrial Estate at Louth has be officially opened by John Nicholls, the East Midlands Development Agency's director of Regeneration and Rural Afairs. The event was attended by business leaders and council officials.

The 20,000 sq ft Centre developed by Lincoln based developers Lindsey Securities Limited is one of the largest speculative
industrial schemes in the Louth area seen for many years and provides 8 units ranging from 2,500 sq ft which are earmarked for light and general industrial use and storage, wholesale and distribution.

"The development will open up new commercial and job creating opportunities in the north east of the county," said Lindsey Securities director, Robin Taylor.

The Meridian Centre, situated on Belvoir Way on the extension to the Fairfield Industrial Estate known as St James' Park, is a joint initiative between Lindsey Securities and the East Midlands Development Agency, the Government sponsored regeneration agency.

John Nicholls, the East Midlands Development Agency's director of Regeneration and Rural Affairs, who opened the Centre said, "We very much welcome Lindsey Securities taking the lead in this development which demonstrates how the private and public sectors can work together to benefit a rural economy."

"With excellent access to the Humber Ports, the M180 motorway, Humberside Airport and port of Boston, we believe the development has much to offer local and international business," added Mr Taylor.

East Lindsey District Council believe its decision to invest in the fabric of the area back in 1994 was an investment in the
future prosperity of the area. The Fairfield Industrial Estate is seen by the East Midlands Development Agency as a high priority area to attract new companies and create jobs in this part of Lincolnshire.

The further £5 million development of St James's Park will extend over 16 acres and will create a high-profile extension to the
Fairfield Industrial estate - Louth's main employment area. Development is expected to continue over the next 5 years and the developers say they will be seeking detailed planning permission for each individual development.

Lindsey Securities say the main St James's Park scheme will be built to individual occupiers' requirements to include
industrial, warehouse and showroom premises.

"We have received a substantial number of enquiries from interested businesses and are currently negotiating with a local company interested in securing 7,500 sq ft, plus two more wanted 2,500 sq ft of space. We feel very optimistic about the Meridian Centre attracting new inward investment and jobs into the area," said Mr Taylor.