More jobs are on the horizon for Plymouth thanks to new factory space being built in Belliver.
Council leader Tudor Evans announced that the Council would be investing £2.4 million into creating brand new facilities at Broadley Park Industrial Estate.
He said: “We have land lying empty on an industrial site, we have businesses clamouring for more better and modern facilities. We are taking the matter into our hands and making business happen here in Plymouth.
“This is not just about helping business flourish. It’s about the 65 people that could be employed in the unit we will build, it’s about the 100 or so people who will help build the factory space and the countless local businesses who will also benefit.
“All of these people will have money in their pockets, some job security and opportunity here in Plymouth. That’s why we are doing this.”
The 1.65 acre plot on the Council-owned site at Broadley Park Road Industrial Estate, Belliver, could provide around 2,090 sq m (22,500sqft) of sustainable, high quality, employment space for small or medium sized business or if appropriate large businesses.
It is proposed that the development will be built with sustainable technology to minimise carbon emissions and running costs, potentially including solar photovoltaic, better insulation ventilation and highly efficient heating sy stems.
A business case is expected to be signed later this week authorising the £2.4 million investment from the Council’s capital programme to get the ball rolling.
A report prepared by chartered surveyors Jones Lang LaSalle in 2016 highlighted a shortage of good quality employment space in Plymouth. There have been improvements within the market with the city’s industrial estates, which have always have always been well let with a steady demand.
The Council has a history of successful direct development projects including Hearder Court – Langage phases 1 and 2 – and Oceansgate in Devonport.
Councillor Mark Lowry, Cabinet Member for Finance added: “Building industrial units has proved to be the right call. The first phase of Langage was quickly snapped up and Oceansgate is attracting significant interest from specialist marine and research companies looking to move to Plymouth.
Broadley Park is a well-established and popular location for businesses. Creating units which companies can move into makes sense – not just for economic growth of the city but the income we earn from the rent we can reinvest in services for our city.”
While the land is owned by Plymouth City Council, it falls within South Hams District Council’s boundary. Any proposals would be subject to the South Hams planning processes.
A planning application is expected to be submitted before the end of the year.