Eastside (South) Business Park

Delivery Body: Westcott Leach Ltd

Theme: Housing

Coast to Capital LGF Allocation: £1.6m

Match Funding Contribution: £6.2m

Project Status:Complete

 

Summary of Project

Enterprise Zones were set up by Government in 2015 to drive local growth by offering business incentives such as business rate relief and simplified planning for new space. One such Enterprise Zone is in Newhaven which is the location of the Eastside South project. Coast to Capital awarded the Eastside South project with Local Growth Funding to deliver much needed commercial space in the form of light warehousing units and the associated jobs.

 

The Eastside South site had remained unused for 30 years having no interested parties considering development. The Local Growth Fund award was able to unlock this space and the project has now developed almost 2.26ha of land, with key commercial space being built/ or near. Some businesses have taken an entire unit and have been able to scale up as a result of the Enterprise Zone incentives. Other smaller businesses are able to take on smaller areas of a unit which are fitted out on their behalf with internal walls and mezzanine floors where required. Irrespective of the size or type of business, due to the Enterprise Zone incentives, they each benefit from affordable rent and business rate relief, strong transport links, and local communities with a high talent pool of workforce & entrepreneurs.

 

Key Outputs

• 155 jobs
• 7,733sqm commercial space
• 2.26ha site redeveloped
• 51,8000km of utility cabling/piping installed
• 26 enterprises receiving non-financial support
• 19 enterprises receiving financial support