Solent Investment to Create Hundreds of New Jobs

Posted on 3 October, 2012 by Neil Bird

Hundreds of new jobs will be created on the South Coast thanks to a £25 million investment in the Solent Enterprise Zone. This was announced last week by Eric Pickles, the Communities Secretary.

 

The investment will help unlock the area’s economic potential and deliver 1,200 local jobs on the site of the former HMS Daedalus airfield at Lee-on-the-Solent. The development will include a limited amount of residential property alongside a huge commercial property expansion designed to attract advanced manufacturers to the business park.

The money for the project is coming from a number of sources which includes £8 million from Solent Enterprise Partnership’s Growing Places Fund, £4.1 million from Hampshire County Council and a further £1.5 million from the Regional Growth Fund. There will also be a £3 million investment in a training centre on the site run by Fareham College.

Speaking about the investment, the Secretary of State said; “This over £25 million boost for the Solent Enterprise Zone will unlock its huge potential to deliver growth, homes and jobs and make a real difference to Gosport. It is local business and commerce that creates the growth and jobs this country needs.”

The cash boost will help pave the way for the creation of even more jobs in the future. The target is that Solent Enterprise Zone will support 3,500 jobs by 2026.

Councillor Ken Thornber, the leader of Hampshire Council, welcomed the investment and emphasised that the project will benefit the wider area.

He said; “The County Council believes that the Solent Enterprise Zone can become the jewel in the UKs advanced manufacturing crown, which is why we are supporting the project with substantial investment. This includes improvements to the often congested Newgate Lane, which will be of benefit to the entire Gosport community.”

 




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants