£1.7M office scheme approved

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Two historic buildings in the centre of St Austell are to be transformed into office space with the support of Convergence investment.

The scheme, worth almost £1.7 million, will safeguard 68 and create six new jobs when it allows the expansion of law firm Stephens Scown. It provides more than 700 sq m of office accommodation in what is currently an empty building in High Cross Street and the current Stephens and Scown offices in Cross Lane.

Just under £944k of ERDF Convergence has been approved for the scheme with property investors D B Gilbert Esq providing the £753k balance.

The announcement follows approval of ERDF Convergence for a £6 million scheme for St Austell Printing Company at St Austell Enterprise Park. Both applications were supported by the Cornwall Development Company throughout the approval process.

Carleen Kelemen, director of the Convergence Partnership Office for Cornwall and the Isles of Scilly, said: “Even in these uncertain economic climes private sector confidence in Cornwall and the Isles of Scilly remains high and ERDF Convergence is able to support ambitious, forward thinking investments like these.”