More than 120 jobs could be created when a £5.5 million business park opens its doors in north west Leicestershire this summer.
Apollo Business Park, which is going up in Vulcan Way, Coalville, should be ready for its first tenants in August.
Construction company Willmott Dixon has completed the steel frames for the industrial units, which range in size from 1,000 to 9,000 sq ft.
When it is finished the four industrial/warehouse buildings, which can be sub-divided to create up to 17 individual units, will provide space for start-ups and firms looking to expand.
The site is 4 miles from junction 22 of the M1 and 9 miles from East Midlands Airport.
The Leicestershire County Council-backed site has been part-funded with £2.4 million from the Local Growth Fund allocated by the Leicester and Leicestershire Enterprise Partnership (LLEP).
It is part of the LLEP’s long-term plan to create 45,000 extra jobs, halve unemployment in the county, help 15,000 businesses expand and support 1,000 start-ups.
Coalville is earmarked as a priority area.
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DID YOU KNOW
Apollo Business Park has used:
1km of drainage
Half an Olympic sized pool of concrete
Solar panels which can generate around 165,900 kwh of electricity - enough to boil almost a million kettles over the course of a year
Kevin Harris, business advisor RSM’s office managing partner in Leicester, is chairman of the LLEP.
He said: “There is a strong business demand for developments like Apollo Business Park and as a local enterprise partnership we support and fund projects that have a positive economic impact for the local area, its businesses and people.
“We are looking forward to seeing the development completed later this year when it will provide new workspace for start-ups and growing businesses in need of more space to expand.”
Coun Byron Rhodes, deputy leader at Leicestershire County Council, said: “It’s great to see the project start to come together.
“Supporting businesses is important; it helps boost our local economy and creates job.
“Investing in property in this way will also help us generate income which we can then plough back into services.
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“We believe that Apollo Business Park will have a really positive impact on the town.”
Willmott Dixon director Stuart Kerr said: “We are pleased to be working with Leicestershire County Council on the Apollo Business Park project, which is set to revitalise business in the region by supporting smaller businesses.
“At Willmott Dixon, we have a purpose beyond profit and that includes being passionate about leaving a lasting positive legacy, something that Apollo Business Park will provide for many decades to come.
Leicestershire business news: Summer 2019
“Over the duration of the Apollo Business Park project, we committed to investing 12 per cent back into the local community, equating to a monetary value of £668,000.
“As part of this, we have worked with local schools and colleges and on community projects.
“To date we’ve also ensured that 82 per cent of local spend and 88 per cent of local labour has been within a 40 mile radius of the site.”
A number of companies are already said to have shown an interest in renting units.
For more information on this call Berrys on 01536 213169 or email:
simon.parsons@berrys.uk.com or kevin.odell@berrys.uk.com