24 ‘shovel ready’ and job creating projects in Devon and Somerset set to start
Total funding of £35.4m was secured last summer by the HotSW LEP for 24 projects in Devon and Somerset, with the first 12 now ready to go live whilst the remainder are expected to be contracted and go live in the spring. For the full story please read the bulletin below which was issued by Insider Media Ltd.
Roger Mundy, Managing Director, Beardsley Theobalds, 9th February 2021
Job-creating projects set to go live
A dozen projects across Devon, Somerset, Plymouth and Torbay with funding of about £21m from the Heart of the SW LEP's Getting Building Fund allocation have now been contracted and are ready to go live.
The HotSW LEP secured a total funding allocation of £35.4m last summer. 'Shovel-ready' projects were chosen that had a solid business case in place, would create new jobs and contribute to a green recovery.
The other 12 projects that secured the remaining £14m Getting Building funding from the LEP’s allocation are expected to be contracted and go live in the spring.
Projects that are now live include:
- Torquay Gateway: a £6m project supported with £2m from the LEP’s Getting Building Fund (GBF). The project will unlock a key strategic employment site at the gateway to Torquay by funding necessary infrastructure to bring forward employment space, modern business premises, jobs and economic growth.
- Firepool and Taunton Station Access: a £1.27m project with £400,000 from the GBF. A new signalised junction on Trenchard Way, Taunton, will serve both the Firepool Development and new multi storey car park that is part of Taunton rail station redevelopment.
- Exeter Science Park Grow-Out space: this £5.3m project is being supported with £5m from the GBF. The Grow-Out building will form part of a growing continuum of ESPL’s workspace provision, helping to attract and grow innovative science, technology, engineering, maths and medicine (STEMM) businesses.
- The Welding Centre of Excellence, Plymouth: a c.£460,000 project with £350,000 of GBF that will enable City College Plymouth to set up a Welding Centre of Excellence to enhance and extend welding facilities. It will address the skills gaps and shortages in the profession across the region, with high demand coming from developments such as Hinkley and marine and advanced engineering firms.
Karl Tucker, chair of the HotSW LEP, said: "This is great news for our area, and we can’t wait to see the work getting underway in the coming weeks. Each of these projects has a role to play in contributing to the economic recovery and longer-term growth in our area. The funding we have been able to award to these projects through our allocation of the Getting Building Fund will help to get projects underway or accelerate their progress, creating jobs and economic stimulus."
The HotSW LEP received £35.4m from the Government’s total pot of £900m from the Getting Building Fund. The 24 projects that will receive a share of the funding, which are all expected to be contracted in the coming weeks, are:
- Torquay Gateway (£2m GBF)
- Concourse Phase 2, Brunel Plaza, Plymouth (£4.17m GBF)
- Firepool and Taunton Station Access (£400k GBF)
- Ilfracombe Watersports Centre (£1.5m GBF)
- Burrows Centre, Torridge (£400k GBF)
- Exeter Bus Station (£800k GBF)
- Enhancement of Future Skills Centre, Exeter Airport (£1m GBF)
- Taunton Digital Innovation Centre (£5.5m GBF)
- Welding Centre of Excellence, Plymouth (£350k GBF)
- Exeter Science Park Grow-Out Building (£5m GBF)
- Zebcat 2 (£2.4m GBF)
- Green Homes (£300k GBF)
- EPIC (£1m GBF)
- iAero (£360k GBF)
- Torbay Business Centre (£2m GBF)
- Devon Work Hubs (£640k GBF)
- Bruton (£800k GBF)
- Plymouth City Business Park (£1.9m GBF)
- Centre for Clean Mobility (£2m GBF)
- Health Tech Innovation Hub, Plymouth (£1m GBF)
- Smart Biosphere (tbc)
- Plymouth Sound National Marine Park (£600k GBF)
- Unlocking East Quay, Watchet (£500k GBF)