A LONDON-based technology investor is to pump £6 million into a project to create a hi-tech data centre on the former wholesale markets site, close to Sheffield Parkway.
News that city-based developer, JF Finnegan, has secured the funding is an important boost for the Local Enterprise Partnership-led drive to turn the Sheffield City Region into a major location for data centres.
The unnamed investor is backing Finnegan’s plans to fit out the final unit on its Sheffield Parkway Business Park to accommodate a data centre occupier in the New Year. Finnegan says it is in detailed discussions with potential occupiers and expects to make a decision in the next few weeks.
Chairman Philip Hollister said: “The securing of the funding is yet another vote of confidence in the success of this pivotal development and means that the fit-out works of the data centre can commence, allowing us to finalise our negotiations with the interested parties.
“The addition of the data centre will complement the tenant mix and will be another example of how the scheme has attracted inward investment into the region. Once the occupier has been selected, this will signal full occupation of the scheme and after many years of involvement, we are incredibly proud to have reached this stage.”
David Crossland, from Crossland Otter Hunt, the property consultants who let the property on the business park site, added: “Sheffield Parkway Business Park has repeatedly proven its credentials as a hub of industry within South Yorkshire and the calibre of occupiers is testament to this.
n Attracting data centres to the Sheffield City Region is a key part of the Local Enterprise Partnership’s CloudCity Programme to drive local economic growth by attracting technology based jobs.
Other parts of the initiative include the ‘Dotforge’ accelerator programme to attract and support technology start-ups and a drive to create new software and cloud-based solutions to improve public sector services in the region and further afield.