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14.07.03
£1.22 million investment will create 270 jobs

A major project to extend Redruth's Treleigh Industrial Estate and create hundreds of new jobs has secured more than £1.22 million of investment from the South West Regional Development Agency and the Objective One Programme for Cornwall and the Isles of Scilly.

The project will see 13 acres (5.26 hectares) of farmland made ready for development, eventually creating an estimated 270 new jobs as companies locate onto the site.

Bringing the site back to a suitable condition for industrial development and installing drainage and other necessary services is expected to take around six months and involve considerable earthmoving and mine capping works. As well major landscaping, contractors will also build a new cycleway on the site.

Once work is complete, there will be space for around 100,000 sq ft (9,300 sq m) of workspace across a range of industrial units from 5,000 sq ft (465 sq m) to 35,000 sq ft (3,250 sq m) in size.

The RDA will market the site to developers and is already in discussion with a number of interested parties.

Funding for the project includes £740,000 from the RDA, with the remaining £485,500 of investment coming through Objective One from the European Regional Development Fund (ERDF).

Stephen Bohane, the RDA's Head of Operations in Cornwall, said: "This project will play an important part in the regeneration of the Camborne, Pool and Redruth area by providing quality workspace to attract new companies and allow our existing businesses to expand. Working with our partners, including CPR Regeneration, we are confident that businesses will want to locate to Treleigh, creating up to 270 new jobs."

Dr Tim Williams, chief executive of CPR Regeneration, the Urban Regeneration Company for Camborne, Pool and Redruth said: "We know that there is considerable demand for premises of this type in the CPR Regeneration area and this project will bring a large patch of derelict land back into economic use."

Carleen Kelemen, Director of the Objective One Partnership, said: "A vital part of the work of Objective One is in facilitating projects like this so that we can provide businesses with a suitable range of modern workspace, allowing them to prosper and grow."

News of the extension to Treleigh follows the £1.7 million development of four new factory units totalling 31,200 sq ft (2,900 sq m) on the industrial estate by Priority Sites, a joint venture company owned by the Royal Bank of Scotland and English Partnerships, the Government's urban regeneration agency. All four units are now let, creating or safeguarding an estimated 62 jobs.

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Editor's notes:

South West RDA

The South West Regional Development Agency was established in 1999. Our most important role is to ensure the long-term economic success of the region, by promoting the right skills among its workforce, the most innovative businesses, and a high quality environment.

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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

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