A £3 million investment in Skegness has the potential to unlock up to 150 jobs, say those behind the development.
Lincoln-based chartered surveyors Banks Long & Co, and Nottingham-based HEB, are looking to lease new units at the Skegness Trade Park on the Wainfleet Industrial Estate and the firms’ Nottingham based client BSP Holdings will embark on a 40,000 sq ft development on land just behind the Skegness Retail Park.
BSP Holdings director Paul Singh said: “This partly-committed, partly-speculative development represents an investment by us of £3 million and it has the power to create around 150 new jobs. The development will comprise seven individual units and our agents have secured 10,000 sq ft of space, way ahead of completion, and we have strong interest in the remaining units.
“We are pressing ahead because of our confidence in the market, generally good forecasts and the strong level of enquiries. As a company we have already done very well in bringing national companies to this estate and we are confident of attracting more.”
East Lindsey District Council has welcomed the move. Portfolio holder for economic regeneration Coun Craig Leyland said: “It’s been a tough time for business in East Lindsey in recent years. This announcement is positive news for the district and a step in the right direction. As a council we welcome investment proposals that look set to create jobs and give the economy a boost.”
Banks Long & Co director William Wall said: “The development itself forms part of a larger business park which already houses Travis Perkins builders’ merchants, MKM builders’ merchants and BSS Plc.
“The new units are designed to suit businesses looking for trade counter premises or space for light industrial, storage and distribution purposes.
“BSP Holdings’ decision reflects its confidence in the local market and the company has already been rewarded after receiving strong interest and a commitment from one business to take 10,000 sq ft.
“This marks a flying start for this project and we echo BSP Holdings’ upbeat stance.”