The older of the two boys is understood to be being treated for serious head injuries at Sheffield's Royal Hallamshire Hospital while the younger one has been discharged from Lincoln County Hospital after being kept in overnight for observation.
A seventyh-four year-old man, from Lincoln, has been arrested on suspicion of failing to stop after the collision and has been released on police bail until Tuesday, 18th December .
Parish Councillor Mrs. Barbara Lane, said the road was used by drivers cutting through from the A15 to the A46. Speaking to the Lincolnshire Echo, she said:
"It tends to be used as a rat run and collisions like what happened on Tuesday don't surprise me at all.
"They're always mending and repairing fences down Riseholme Lane after cars have hit them. All the residents down here are getting fed up. It's a good job there aren't very many children down here.
"Another problem we have is with students and coaches using the lane to get to Riseholme College instead of the main entrance. I don't know what the answer is but Riseholme Lane isn't in a very good condition either and really needs patching up."
Meanwhile, Mr. Martin Finney, a resident of Riseholme Lane, commented to the paper:
"If you're not careful you can easily get into some trouble on Riseholme Lane, whether you're a driver or a pedestrian."Lincolnshire County Council's Area Highways Manager, Mr. Alan Brown, said:
"Once we get full details through about what caused this collision, we can assess whether any changes to the highway are needed."