The Council’s Cabinet is set to review the future of St James House in the centre of Grimsby at its meeting next week.
Local business support organisation, E-Factor, have come forward with investment plans to take over the currently vacant building, and subject to planning, create a new space for businesses.
If approved at the planning stage, quality office, retail and leisure space would be created, which, alongside workshops, and other business led events would help to attract footfall into the town centre.
The plans have come forward as part of the Government’s £3.6Bn Towns Fund, the overarching aim of which is to level up towns and cities around the country, driving sustainable regeneration which delivers long term economic and productivity growth.
If approved at Cabinet, a business case will be submitted to Government for approval for £1.5m to kickstart the project.