Work on a project to provide new, high-quality employment space in Falmouth has begun.
The scheme will provide an extension to the existing site at Bickland Industrial Park on Bickland Water Road.
The project represents the first speculative employment space development in Falmouth for many years and is aimed at the small and medium sized enterprise (SME) business community in the area.
The new development is thanks to a major private sector investment undertaken by Falmouth Developments Ltd, which has secured up to £3.4 million of grant funding from the European Regional Development Fund as part of the Cornwall and Isles of Scilly Growth Programme.
The Bickland site represents the only new employment site in Falmouth and Penryn, which therefore presents a major opportunity for those local businesses seeking to expand or relocate. The units are available on a freehold basis and the development is due for completion in December. The main contractor undertaking the design and construction of the project is Midas Construction Ltd.
The project has a total cost of £7.3 million and will create 4444 sq m of new, high quality, employment space. This will comprise of up to, 17 hybrid office/industrial units between 202 sq m to and 514 sq m in size. The buildings are being constructed to Breeam excellent standard and include high environmental credentials including sustainability of design, use of materials and renewable energy. The units have in built flexibility to be combined to make larger units subject to demand from local SMEs and individual occupier requirements.
Falmouth Developments director, Steve Russell, said: “We are pleased to undertake this significant employment space scheme in Falmouth at this time and representing a major investment in providing much needed business space for SMEs. Falmouth is a vibrant growth town and the project will support the creation of new jobs and opportunities within the local economy.”