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06.08.03
Work begins on £1.9 million high-tech development for Truro

Work began yesterday (Tuesday 5th August) on a £1.9 million expansion of Truro Business Park that should lead to the creation of 100 new jobs.

Four new business units aimed at high-tech companies will be built on the 0.6 hectare (1.48 acre) site at Threemilestone in a project developed with investment from Objective One.

The expansion project has been developed by Paul McIntosh and will lead to the creation of 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, expects construction work on the two-storey units to be complete by next summer. Once complete, it is estimated that the additional workspace will provide an opportunity for the creation of 100 full-time equivalent jobs and £20 million in annual sales.

The project was put together by the Truro-based consultancy Business Location Services Ltd. Managing director Russell Dodge said: "This new development marks an ongoing investment in Truro Business Park that began under the Objective 5b Programme and is now continuing with the Objective One Programme. Truro Business Park is where the major office development is now taking place in Truro and this is a significant further phase in providing high quality business workspace for the city."

The contract for the building work was won by Threemilestone-based building firm Darren Healey Building Contractors. Darren Healey said the job was the company's biggest contract to date and that he expected to employ a total of around 30 people during the construction.

Truro-based Vickery Holman will be marketing the units, aimed at technology-based companies working in areas like software, e-commerce and professional services.

Alan Treloar from Vickery Holman said: "The development fills a niche that's not really 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: "Developing further opportunities for the development of modern, high-tech, high value businesses is something that is particularly needed in Cornwall. As well as expanding the overall provision of business workspace in Truro, this project also meets that particular need and I'm delighted to see work starting."

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 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.

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Editor's notes:

For further information contact:

Russell Dodge
Business Location Services Ltd
01872 266666

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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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