26.10.01
 

£3.5 million factory to create 80 jobs

Work has started on a £3.51 million factory unit in Cornwall which is expected to create at least 80 new jobs.

The 50,000 sq ft unit – one of the largest speculative factories to be built in Cornwall for several years – is being funded by a £1.82 million investment from the South West Regional Development Agency and a £1.69 million grant from the Objective One European funding programme.

The unit, being built on a 16.6-acre site owned by the RDA just outside St Columb Major, has already generated considerable interest from companies looking to expand or relocate.

A second similar-sized unit could be built on one of the five remaining plots on the site within months if there is sufficient demand.

Miles Carden, the RDA’s principal regeneration manager, said: “There is growing demand for factories of this size in the county and we are already looking at phase two at St Columb if this one goes as quickly as we anticipate.

“The site itself is within easy reach of the A30 and we’re seeing a fundamental change in perception of St Columb and Indian Queens as locations for business because of the proposed duelling of the A30 across Goss Moor, even though it will be a few years before that is completed.”


Cornwall-based Midas Construction has been awarded the St Columb contract, and is also building the £4.12 million Tolvaddon Energy Park near Camborne – another project funded by the RDA and Objective One.

Graham Hosking, of Midas’ Cornwall office, said: “The impact of Objective One funding on the construction industry within the region is now really starting to take effect. We’re seeing more and more quality building projects coming on stream which should help to boost employment opportunities, both during the construction phases and in the long term.

“We look forward to continuing our on-going relationship with Objective One and the RDA and working with them on future schemes.”


Like Tolvaddon, the St Columb unit is being built to high environmental standards and will feature grey water recycling and quality landscaping, including footpaths and cycleways from the main road. The project includes the construction of an access road and full site servicing.

It is also believed to be the first speculative factory in the county to be built with a green travel plan for its staff already in place.

This will include things like a car-sharing database, negotiated discounts on public transport, work buses, showers and bicycle lockers.
The unit actually consists of two 25,000 semi-detached factory units, but a potential occupier has already expressed an interest in using them as a single building.

 

Editors notes:

A free photograph showing Miles Carden of SWRDA and Graham Hosking of Midas breaking the ground at St Columb Major with a JCB digger is available from Apex Photo Agency on 01392 824024.

The RDA is the agreed lead organisation for the provision of sites and premises in Cornwall under the Objective One European funding programme and has recently appointed a five-strong property development team to increase its capacity to handle Objective One projects. This will include a dedicated property manager for the proposed £150 million development of Camborne, Pool and Redruth.

The RDA currently has projects totalling more than 370,000 sq ft on its books and scheduled for completion in the next two years and is continuing its extensive programme of land acquisition and site assembly.

The RDA is also Cornwall’s largest industrial landlord and its own portfolio of units has been 93% to 96% let in the last 12 months, reflecting the strong demand for flexible workspace in the county.

Acquisitions in recent months have included various sites in Camborne, Pool and Redruth; various sites in St Austell Town Centre where the RDA is leading a £40 million regeneration scheme; Redruth Hospital; St Lawrence’s Hospital in Bodmin and two acres at St Blazey.

The Objective One grant for the St Columb unit has come from the European Regional Development Fund.




Jason Clark
Communications Manager
Objective One Partnership Office
Castle House
Pydar Street
Truro TR1 2UD
Tel:01872 241379
Fax:01872 241388
jason@dclark.co.uk