Humber LEP Backs Able Marine Energy Park with £14.9m

Humber LEP is celebrating fruitful cooperation with Able Marine Energy Park (AMEP) and North Lincolnshire Council to secure the project £14.9m from the Enterprise Zone Capital Grant Fund.

The Humber was one of 12 Local Enterprise Partnerships to successfully bid for a slice of the £100m Enterprise Zone Capital Grant Fund from the Department for Communities and Local Government.

The grant is helping to bring forward the work and associated construction jobs as part of a first phase £29m general infrastructure programme, which is set to conclude in March 2015, and will create c. 350 FTE equivalent construction jobs.

Cllr Liz Redfern, leader, North Lincolnshire Council, said:

“This is fantastic news and further demonstrates the level of confidence and commitment the Government has in developing Humber region. The Able Marine Energy Park is of incredible significance in so many ways and will make a huge impact on the region’s economy.”

Lord Haskins, Chair of the Humber LEP, said:

“We’re delighted we were able to secure funding from the Enterprise Zone Capital Grant Fund for the Able Marine Energy Park, which will help the works to get off the ground more quickly, bringing forward hundreds of construction jobs.”

The grant helps to mitigate some of the 440 mln project development’s risk which will see 4,100 direct jobs and 1,250 constructions jobs, giving investors further confidence that the delivery time will be shortened and be more responsive to the energy market.
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Press release, January 29, 2014; Image: able