The Leader of Boston Borough Council got behind the controls of a digger yesterday to break the ground and start work on The Quadrant housing and stadium scheme on the edge of town.
Work has begun on a new roundabout on the A16 and the scheme could eventually incorporate over 500 new homes, 2.16 hectares of land for commercial operators, a 60-bedroom hotel site, a superstore and a new 5,000 capacity stadium for Boston United FC.
It is hoped the development will create 450 new full-time jobs and lever in an additional £16 million of private sector investment.
The Greater Lincolnshire LEP secured £4.75 million of money from the Single Local Growth Fund to support the scheme.
David Dexter, Deputy Chair of the Greater Lincolnshire LEP, said:
We are delighted that the Single Local Growth Fund is enabling the first phase of the Quadrant scheme in Boston to be delivered.
We have set out ambitious targets to grow the economy across Greater Lincolnshire and so it is encouraging that our vision for the local area has been immediately recognised and rewarded by central Government and is also matched by the commitment and confidence of private sector investors in bringing new development and employment opportunities forward.
The first phase of The Quadrant delivers the first section of a potential distributor road network around the town, and work is already under way to try to ensure that the next phase is delivered as soon as possible.