Future of St James House may be secured

Sent on behalf of North East Lincolnshire Council:

A VITAL step in the transformation of St James Square has been taken, paving the way for further investment from local company the E-Factor supported by Central Government grant funding.

North East Lincolnshire Council’s Cabinet has approved a business case to renovate the redundant St James House into a business hub. Whilst not putting any council cash into the scheme, authority approval was needed to enable the release of Government monies.

E-Factor wants to secure a £1.5m slice of Towns Fund money, which has been officially allocated by Central Government for town centre improvements. This money, which must be spent on urban renewal and regeneration projects, will be supplemented by significant private E-Factor investment.

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