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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 next summer.

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 services.

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 sales.

"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 this need."

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.


Editor's notes:

European Regional 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 exists to:

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:

Paul McIntosh
01872 266666


Jason Clark
Communications Manager
Objective One Partnership Office
Castle House
Pydar Street
Truro TR1 2UD
Tel: 01872 241379
Fax: 01872 241388

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