Over £14m could be spent on speculative industrial units on the Markham Vale site in Derbyshire to help attract modern manufacturing and technology investors to the area.
Sheffield City Region Local Enterprise Partnership is bidding for the money from Government claiming there is plenty of interest but companies want buildings to move into.
Markham Vale is next to the M1 near Chesterfield. It belongs to Derbyshire County Council which hopes to create 5,000 jobs on the former colliery site. The LEP’s bid includes plans to create 180,000 square feet of medium sized business units to provide ready-made workplaces.
The project also includes developing large areas of land so big investors can build premises more quickly.
David Grey MBE, LEP board member, said, “Every month the inward investment team talks to dozens of investors looking for locations for their businesses. They are attracted by the benefits of an enterprise zone, including the attractive tax breaks, however, many companies are unable or unwilling to wait for buildings to be built.
“I hope that Government will seize this opportunity to satisfy the unmet market need for available modern business premises in the Sheffield City Region.”
Coun Joan Dixon, of Derbyshire County Council, said: “We’ve invested over £70m to put in place solid foundations towards our long-term aim of creating 5,000 jobs and are delighted to have attracted a number of high profile companies. Over 600 jobs have been announced for Markham Vale during the last year and, if successful, this money will help open another large area of land for development.”
The Sheffield Business Awards, Ponds Forge International Sports Centre, Thursday, December 5, 2013, 7pm to 2am. Black tie/evening dress. Guest speaker Countryfile TV presenter Julia Bradbury. Tickets from £85. Visit www.sheffieldbusinessawards.org.uk