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European Funding Supports First Phase of New Workspace
Up to £2,688,768 of European Regional Development Funding (ERDF) has been secured to help build high quality workspace close to Cornwall’s major transport network. The A30 Business Park will be located between Newquay and St Austell on land adjoining Indian Queens Industrial Estate. The new workspace will support small and medium sized enterprise (SME) growth in Cornwall.
This is the first phase of the A30 Business Park project which has a number of steps to create the high quality workspace. This will include the construction of roads and installation of all mains services through the site, including structural landscaping and wildlife areas, plus an initial phase of employment units. The site’s location is of strategic importance in Cornwall as it will serve SMEs in mid-Cornwall in a location that is easily accessible from Newquay to the north and St Austell to the south with the “clay country” villages close by.
The development of the site will provide space for new and growing businesses in Cornwall. This in turn will lead to employment opportunities which supports economic growth in Cornwall and the Isles of Scilly. This investment is part of the Growth Programme, the European economic regeneration programme for the region. Running until 2020, it will contribute to the EU ambition to deliver smart, sustainable and inclusive growth.
The project which has attracted more than £3,000,000 in private sector investment will begin in 2017.
Julian German, Cornwall Council’s Portfolio Holder for Economy said, “I am delighted that European funding is being used to support this development, matching private sector investment. This is an important business development for Cornwall. The location makes the A30 Business Park accessible to the strategic road network and, its proximity to the major towns of St Austell and Newquay, as well as the smaller villages between, will make this an important employment space. Assisting businesses to grow will provide more and better paid jobs for residents.”
Johnny Hawkins, Director of A30 Business Park Ltd said, “There is currently a significant undersupply of high quality employment space, particularly along the A30 corridor, where there is the greatest demand and the proposed development will contribute to meeting the needs of expanding local based companies with their business expansion and growth.”
Russell Dodge, Managing Director of Cornwall based Business Location Services Ltd who will support the development said, “We are delighted to have secured the EU funding to deliver the first phase of the project and are fully committed to providing the investment in such needed high quality employment space, which the area desperately needs.”