Jobs cheer as Youngs Seafood secures vital funding

North East Lincolnshire Council has secured the money to help Youngs Seafood invest in its two sites in Grimsby.

In a statement, the council said: “Earlier in the summer, Youngs announced that they had lost a major contract and would be looking at their operations across their various sites. Following urgent talks which have also involved the area’s two MPs, the council has been working with central Government to extend their Regional Growth Fund programme to be able to help Youngs. This will give the company the opportunity to further develop their investment plans for the Grimsby sites and bid for this funding.”

Up to £1.346m will be now made available to Youngs to help it secure its future in the town.

It’s estimated that as a result of this, up to 200 jobs could be created and another 250 jobs safeguarded in Grimsby, the council said.

Pete Ward, chief executive of Young’s Seafood, said: “This is a very welcome development.

“We now need to review the details and discuss this development with the appropriate stakeholders as part of the consultation process.”