Objective One in £1.9 million
high-tech development for Truro
A £1.9 million expansion of Truro Business Park that
will provide new space for high-tech companies is being enabled
by European investment from the Objective One Programme.
The development by Paul McIntosh will see another four business
units constructed on a 0.6 hectare (1.48 acre) site at the
business park in Threemilestone. The private sector-led development
will create another 1,882 sq metres (more than 20,000 sq ft)
of floor space.
Mr McIntosh, who previously developed four of the existing
units at Truro Business Park, said construction work on the
new units should start in August and will be complete by early
The units are being marketed by Vickery Holman. Alan Treloar
from the Truro-based company said the two-storey units will
be built to high standards and aimed at technology-based companies
working in areas like software, e-commerce and professional
He said: "The development fills a niche that's
not otherwise catered for in Truro. The business park at Threemilestone
is emerging as a high-tech, campus-style development that's
pretty much unique in Cornwall. It's also in an ideal
position midway between Truro and the A30."
The Director of the Objective One Partnership, Carleen Kelemen,
added: "It is estimated that this expansion of business
workspace for Truro will provide an opportunity for the creation
of 100 full-time equivalent jobs and £20 million in
"It also meets a particular need in Cornwall for more
of this kind of development providing opportunities
for the development of modern, high-tech, high value businesses
and this investment shows how Objective One is meeting
The total cost of the project is £1,893,260. Objective
One is investing £549,000 through the European Regional
Development Fund (ERDF) the other £1,344,260
will come from the private sector.
The new units will be created on plots 9-13 of the Truro
Business Park. The park was initially developed with support
provided through the earlier European Objective 5b Programme.
Two of the four units previously developed by Mr McIntosh
are currently occupied by Cornwall County Council, one by
Cornwall Carers and one by Mr McIntosh's firm Datasharp
which employs 50 people in Truro and now has a further
50 offices across the UK.
Development Fund (ERDF):
ERDF is one of our four funds that make up
the Objective One Programme for Cornwall and the Isles of
Scilly, which is making £314 million of investment available
for developing the local economy between 2000 and 2006. ERDF
||Help reduce the gap between development levels and
living standards among the regions and the extent to which
least-favoured regions are lagging behind.
||Help redress the main regional imbalances in the European
Community by participating in the development and structural
adjustment of regions whose development is lagging behind,
and the social conversion of regions.
For further information contact:
Objective One Partnership Office
Truro TR1 2UD
Tel: 01872 241379
Fax: 01872 241388
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