European Funding For Technology Park in Cornwall
More than £6m of European funding has been secured to develop a technology park and advanced manufacturing workspace on the outskirts of St Austell. The investment will attract high value businesses and create skilled jobs that will be a catalyst for new opportunities in Cornwall.
The Carluddon Technology Park will provide the capacity and infrastructure for the development of up to 8,500m2 of high quality workspace. It will be developed within the heart of the Eco-Communities Initiative, just four miles from the Eden Project, on a site adjoining the recently completed, ERDF funded A391 Carluddon Road Improvement.
The funding will also enable the delivery of the first building on the Park, the 2,474m2 Employment Space for Advanced Manufacturing (ESAM). The building will be built to the ‘Excellent’ BREEAM standard, helping to set a benchmark for design quality and sustainability for the area. ESAM will have the capacity to provide space and business support services for up to 27 advanced manufacturing and low carbon environmental goods and service sector businesses with the potential to create up to 75 high skilled jobs by 2023.
Julian German Said, “Securing the European funding for the Carluddon Technology Park is great news, it follows on from other Cornwall Council and European funding investments in this area which will improve residents’ job opportunities. However, this is a step along the journey and we will now go through a formal tender process to ensure the development can happen within budget. Hopefully businesses will be in this facility by the end of 2018.”
John Hodkin representing Imerys and Eco-Bos said: “We have been involved in this project from the start and donated the land for both this and the A391 improvement as part of our on-going commitment to the regeneration of the Mid Cornwall area. In our public consultations for the Eco-community, much of the feedback has centred around job creation, economic improvement and putting in infrastructure first. The ESAM initiative combined with the A391 improvement demonstrates our commitment both to these shared objectives and to working in a continued partnership with those seeking to deliver improvements to our local communities”.
Work on the development is expected to begin in 2017 with completion forecast for late 2018. Any interest or enquiries about future development plots on the Park can be directed to gslater@cornwall.gov.uk
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Notes to editor
European Regional Development Fund
The project is receiving up to £6,237,825.00 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Department for Communities and Local Government (and in London the intermediate body Greater London Authority) is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information visit https://www.gov.uk/european-growth-funding.
Carluddon Technology Park and Employment Space for Advanced Manufacturing
The Carluddon Technology Park and Employment Space for Advanced Manufacturing project is receiving up to £5,895,840 of capital funding and £341,985 of revenue funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Department for Communities and Local Government is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information visit www.gov.uk/european-growth-funding.
A391 Carluddon Road Improvement
The A391 Carluddon Road Improvement project was part financed by the European Regional Development Fund Programme 2007 to 2013. The Department for Communities and Local Government was the managing authority for this previous European Regional Development Fund Programme, which was one of the funds established by the European Commission to help local areas stimulate their economic development by investing in projects that would support local businesses and create jobs. For more information visit www.gov.uk/browse/business/funding-debt/european-regional-development-funding
BREEAM
BREEAM is the world’s leading sustainability assessment method for masterplanning projects, infrastructure and buildings. BREEAM inspires developers and creators to excel, innovate and make effective use of resources. The focus on sustainable value and efficiency makes BREEAM certified developments attractive property investments and generates sustainable environments that enhance the well-being of the people who live and work in them.
Contact
Alex Ledbrooke
Engagement Officer, Cornwall and Isles of Scilly ITI Support Team (European Structural and Investment Funds)
Mobile – 07854 039960
Email – aledbrooke@cornwall.gov.uk
Website – www.cornwallislesofscillygrowthprogramme.org.uk
Twitter – @GrowthProgramme
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