Plans to create a huge logistics park in Derbyshire creating thousands of jobs have received another major boost.
The Horizon29 scheme, at Markham Vale, off Junction 29a of the M1 has been granted planning consent for its second phase, comprising 574,000 sq ft of warehouse and logistics space.
It brings the total amount of space at the site with planning permission to 1.4 million sq ft.
The first phase of the development, for 824,000 sq ft across five units, ranging from 73,000 sq ft to 310,000 sq ft, was granted planning consent earlier in the year and plots are now available for development.
The second phase will consist of three industrial units, ranging in size from 113,000 sq ft to 250,000 sq ft.
Work at Horizon29 is already underway with extensive ground works completed and infrastructure changes and highways and service upgrades about to commence.
It was recently announced that the South Yorkshire Pension Fund and the SCR Jessica Fund had provided a £15.25 million loan to support the development of infrastructure at the site.
Horizon29, which has the potential to create more than 2,000 jobs, is being delivered by a joint venture between St Francis Group and iSec.
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Gareth Williams, development director at St Francis Group, said: "We and our partners, iSec, are delighted to have worked closely with the local planning authority in order to deliver this major consent for the second phase of our strategic logistics project, Horizon29 at Markham Vale.
“The East Midlands has seen a good take up of large, bespoke industrial premises over the last 12 months.
“We expect keen interest from a range of occupiers wanting first class accommodation, prime location and labour supply.”
Nigel Lax, development director at iSec, said: “This scheme is one of the most prestigious industrial developments in the East Midlands and will not only deliver much-needed, state-of-the-art space, set within highly landscaped grounds, but thousands of jobs for the region.
“Securing phase two planning at Horizon29 means that the project can be pushed forward at pace to deliver this landmark scheme.”
Rebecca Schofield, from joint letting agents Knight Frank, said: “The site offers the opportunity for bespoke or build-to-specification accommodation for occupiers with leasehold and freehold requirements for the eight, premium industrial/warehouse units.
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“We welcome the opportunity to discuss and understand occupiers’ specific requirements so that detailed proposals can be tabled.”
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St Francis Group and iSec is working closely with North East Derbyshire District Council, Bolsover District Council, Derbyshire County Council and the D2N2 Local Enterprise Partnership, which has provided grant assistance to the project.
Sajeeda Rose, chief executive at D2N2, which has invested £5.79 million into the project via the Local Growth Fund, said: “As we look towards the economic recovery from coronavirus, we at D2N2 are delighted to see the Horizon29 site continue to expand into a scheme ready to deliver new jobs to north Derbyshire and wider economy.”