The M181 Lincolnshire Lakes project has been approved by the Government.
The project is to receive £13.3M from the Government and will improve the M181 in order to allow 6,000 new homes to be constructed in the area by 2028.
Highways England’s Growth and Housing Fund will spend £8.6M on the project. North Lincolnshire Council will top up the remaining amount with developer contributions.
A new roundabout is the scheme’s centrepiece. Located where the M181 meets the M180, the roundabout will allow easy access to the new homes.
Highways England’s chief executive Jim O’Sullivan said: “The £100 million Growth and Housing Fund is a key means by which Highways England is strengthening its contribution to local communities and economies, and I am delighted we have been able to make this significant award.”
“The Lincolnshire Lakes project will unlock the development of two strategic sites, directly enabling the delivery of thousands of jobs and homes over the next 12 years.”
”This is a good example of Highways England working with local partners and developers to provide road improvements, value for money and economic growth.”
Construction is expected to start in 2017.