£6m expansion at food park moves another step closer
A £6 MILLION development which could bring more than 90 new jobs to Nottingham moved a step closer yesterday.
Councillors on Nottingham City Council's Executive Board yesterday agreed for the authority to pay £1.67 million towards the expansion of the Southglade Food Park.
This funding approval is a key step in enabling additional finances of £4.254 million to be released from the European Regional Development Fund.
Southglade Food Park in Bestwood was constructed in 2005 to provide a place for food and drink firms to start up and develop.
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There is now a waiting list for units and additional accommodation is required to meet demand.
The new development will see more units built in the 2,550 square foot site.
City council deputy leader Councillor Graham Chapman said: "This scheme creates at least 90 local jobs and even more in the construction of the units, helps the manufacturing industry and will bring a financial return for the council of just over £125,000 a year when our ERDF application is approved. It is an excellent deal all around."
Fiona Anderson, the managing director of The Food and Drink Forum, which runs the Business Centre at Southglade Food Park, said: "Since opening in 2005, Southglade Food Park has been a great success, and it is excellent news that Southglade Phase 2 has city council support.
"For some time we have had a waiting list of firms keen to move onto Southglade, and they will welcome the news."