Building work starts today on a new business park set to create more than 120 jobs in Coalville.
The £5.5m Vulcan Park is being created by Leicestershire County Council and will boost business in the town by supporting start-ups and firms looking to expand.
The venture is part-funded by £2.4m from the Local Growth Fund allocated by the Leicester and Leicestershire Enterprise Partnership (LLEP) and will offer a range of high-spec industrial units to let ranging from 1,000 to 9,000 sq. ft. (92- 836 sq. m.)
Construction company Willmott Dixon has been selected to build the 41,000 sq. ft. (3,809 sq. m.) of units on Vulcan Way. A ground-breaking ceremony takes place today Thursday (November 1) and it is anticipated the work will be completed in September 2019.
Byron Rhodes, deputy leader at Leicestershire County Council, said: “We are delighted to be starting work on this project which we believe will have a really positive impact on the town. Supporting businesses is important; it helps boost our local economy and creates local jobs.
“Investing in property in this way will also help us generate income which we can then plough back into services.
Stuart Kerr, director at Willmott Dixon in the Midlands said: “We are delighted to be creating Vulcan Business Park and look forward to seeing the fantastic benefits it will offer the local community including jobs and business opportunities.
Commenting on the start of works for the Vulcan Business Park, Minister for Local Growth, Jake Berry MP, said:
“We’re committed to boosting economic growth across the whole of the Midlands Engine and building a Britain fit for the future.’
“It’s great to see £2.4 million from the Local Growth Fund contributing to the Vulcan Business Park. This exciting project will be a welcome draw for start-ups and established firms alike, create an estimated 120 jobs, and benefit businesses in Coalville and the wider Midlands Engine.’
Kevin Harris, Chair of the LLEP, said: “This development concentrates on addressing the market shortfall in smaller and medium grow on units in the Coalville area.
“The project aims to increase both the overall number of letting opportunities to facilitate business start-ups, expansion and development which is something the LLEP strongly supports.”
A number of companies have already shown an interest in renting the units. For more information on this call Berrys on 01536 213169 or email: email@example.com
For more information, please contact: firstname.lastname@example.org