New St Marks scheme granted outline planning permission
Outline planning permission has been granted for Standard Life Investments’ proposed £150 million redevelopment of St Marks shopping and leisure destination in Lincoln.
The original planning application was submitted in February following a public consultation last November when nearly 90% of people who provided feedback said they welcomed the development.
The proposals aim to create a more comprehensive and cohesive mixed-use scheme to complement Lincoln’s existing shopping offer and improve the links to the High Street and the University.
They include an enhanced retail offering, new leisure space, an improved public realm, better car parking, and a combination of student and residential accommodation.
Standard Life said the scheme has the potential to generate up to 2,000 new jobs in Lincoln.
David Stewart of Standard Life Investments added: “This is a tremendous outcome and we’re thrilled that that the council supports our vision for St Marks. Their decision reinforces our conviction that the proposed scheme will be a major boost for Lincoln. It’s a significant investment that we’re confident will improve the gateway to the city centre.”
The next steps for the project will include developing detailed designs and a timeline for delivery with the aim of completing the project by the end of 2023 or early 2024.
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