Objective One grant for Callington industrial units
Callington is set to benefit from new industrial units and offices after securing a major Objective One grant.
The £315,430 project is expected to create 17 new jobs and help 13 small and medium sized businesses. The scheme will include six new industrial units and seven office workspaces on Moss Side Industrial Estate in Callington. The industrial units will be 37 square metres each, while five of the workspaces will be 11.6 square metres and the other two will be 14.5 square metres.
The units will be built on one of the five serviced land plots created at the estate by Caradon District Council under the European Objective 5b funding programme. The Objective One European Regional Development Fund (ERDF) is contributing £126,172 to the project and Caradon District Council is providing £189,258.
Councillor Kath Pascoe, one of Callington’s district councillors and Caradon’s Cabinet member with the community and economic regeneration portfolio, said: “We know that lack of suitable premises is one of the major barriers to small business development in the district, and Caradon is working hard to improve this situation. To date we have built 106 units, with another 41 due to be completed by next year.
“These latest units are particularly good news for Callington. The town has been earmarked for another 1,000 new houses by 2011, and this project will help to provide more diverse local employment opportunities for a growing population.”
Over the last nine years, the number of enquiries Caradon receives from the business community has increased by 335%. The most frequently requested item is business premises, particularly those that are under 93 square metres.
Michael Hinks, of the South East Cornwall Regeneration Project Ltd which enables community groups to gain access to Objective One funding, said: “Small businesses are a vital part of the local economy and support for them is a primary part of the Integrate Area Plan. We are delighted to be involved with this project, which will provide good quality business accommodation in a key location.”
European Regional Development Fund
The European Regional Development Fund (ERDF) helps reduce the gap between development levels and living standards among the regions and the extent to which least-favoured regions are lagging behind. It also helps redress the main regional imbalances in the Community by participating in the development and structural adjustment of regions whose development is lagging behind and the economic and social conversion of regions.
Stephen Vinson, economic development manager on 01579 341031
Objective One Partnership Office
Truro TR1 2UD