Indicative designs for the scheme show a three-storey building next to the existing managed workspaces at Dock, offering production space on the ground floor and two floors of office space above.
The new building would provide 14 individual units – ranging in size from 800-1,800 sq ft – with its bigger units providing grow-on space for Dock-based businesses that are ready to expand.
Designed as an extension to Dock, the new building would share Dock’s reception and meeting room facilities – and it would complement the original building, with similar materials used in its construction.
Having purchased the brownfield site required for the new workspaces last year, the city council is now working with a local developer – Brackley Property Developments – to deliver the scheme.
Under the proposals, Brackley would design and build the scheme, which would become part of the Dock campus and be managed by the city council.
City Mayor Peter Soulsby has welcomed the proposals.
“Our intention has long been to build on the success of Dock by complementing that scheme with a space where start-up businesses can take their next step,” he said.
“I’m pleased that we’ve been able to work with a local developer on a scheme that would provide an extension to Dock.
“Our ambition is to establish Pioneer Park as a hub for technology and knowledge-based industries, encouraging enterprise and creating jobs – and the success of Dock gives us a good base on which to build.
“These new managed workspaces would be a key piece in the jigsaw, providing flexible grow-on space for start-up businesses, right next door to the thriving community at Dock and close to the exciting Space Park Leicester development on the former John Ellis site.”
Subject to planning permission, work on the £5 million extension to Dock could get under way in summer 2019 – with the first tenants moving in 12 months later.
Around £2.15milion from the Government’s Local Growth Fund – via the Leicester & Leicestershire Enterprise Partnership – is available for the scheme.
More than £1million has been earmarked from the city council’s Economic Action Plan, with the remaining £1.72 million being met by prudential borrowing and land receipts.
The City Mayor is due to make a decision on funding for the scheme on 27 March.
For more information, please contact: firstname.lastname@example.org