Category: MarineDevelopment

Phase 2 of Oceansgate, Plymouth’s new marine Enterprise Zone, will now begin to take shape following a ground breaking ceremony this morning.

Councillor Tudor Evans, Leader of Plymouth City Council, dug the first turf to mark the start of the build.

Oceansgate is a key part of Plymouth’s plans to grow its flourishing marine sector and Phase 2 will see the creation of a new three story office building and 15 light industrial units, potentially creating up to 130 new jobs.

Councillor Evans said: “The fact that 84 per cent of Phase 2 is under offer before it has even been built shows there’s a real appetite for this new facility, which is perfectly located being close to some of the biggest businesses in the city – such as Babcock and Princess Yachts.

“We’re pushing ahead with our plans to support and develop Plymouth’s marine and maritime economy, attracting new businesses and supporting the growth of those already based here, which will pay dividends for the local economy. Oceansgate has a very big role to play in this.”

Kier Regional Building will be building the second phase, using natural materials such as stone to ensure the development fits within its historic surroundings at South Yard.

Doug Lloyd, Kier Regional Building, Area Manager, Devon said “We are delighted to start on site and begin work on this great addition to Plymouth’s marine Enterprise Zone. Plymouth city is synonymous with marine development and this investment will enable the continued growth in the sector, supporting both expanding marine businesses and attracting new specialists to the area.

“Kier has been established in Plymouth for over 90 years and we recognise the importance of continued investment to drive the local economy and investment in local people through employment and skills.  We will work closely with Building Plymouth, the local education establishments and employment organisations to provide this vital career support." 

The £7.6 million project has been funded by the Council and a £2.25 million grant from the European Regional Development Fund (ERDF) and was procured through the Southern Construction Framework.

JLL have been appointed property agents to market Phase 2. As an Enterprise Zone, businesses based at Oceansgate can take advantage of a range of business rate discounts. Any businesses in the marine sector that are looking for new workshops or office space can find more information and contact details on www.oceansgateplymouth.com

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