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
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.
For further information contact:
Business Location Services Ltd
Objective One Partnership Office
Truro TR1 2UD
Tel: 01872 241379
Fax: 01872 241388
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