Wednesday 24 July 2024
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Arnold: New enterprise centre at The AMP announced

Gedling Borough Council has unveiled its strategy to foster local entrepreneurship and support small-to-medium enterprises through the establishment of an Enterprise Centre at its premier AMP business unit in Arnold.

The council has released a detailed report outlining a substantial investment of £655,000 to develop the currently unoccupied first floor of the building.

This initiative aims to stimulate economic expansion and establish a hub featuring office spaces, as well as conference and training facilities in Arnold.

The AMP was opened by Gedling Borough Council on the former Arnold Market site in 2022 and is home to several thriving small businesses on the ground floor.

The council always had plans to develop the first floor space and the project has received £655,000 from the UK Government through the UK Shared Prosperity Fund so that work can begin and is expected to be completed by the Autumn.

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The project will support several council priorities including revitalising town centres, support economic growth and creating jobs in the area. It will also increase footfall to the town shopping precinct and support the existing businesses in the area.

The council has also recently announced investment plans in the northern part of the town with the purchase of vacant units and the creation of a masterplan for the entire town centre with the aim of attracting investment opportunities following the disappointment of not receiving any UK Government Levelling Up funding in the latest round of bids.

Leader of Gedling Borough Council, Councillor John Clarke MBE said:

“We’re delighted to be announcing the next phase of work to create an enterprise centre here at the AMP. We want to create a space where we can support local businesses, start ups and entrepreneurs who need office space in the centre of a busy town centre like Arnold.

“We’ve seen how successful our investment to build the AMP building has been. The ground floor has been as all seven units are currently full against a backdrop of difficult economic times for so many.

“We are doing everything we can to bring people to the high street, including continuing to offer two hours free parking in all our car parks and now with this work to transform the first floor, it will create more jobs and support growth in the borough.”

• Read more: Bridgford Business Centre sells for £1.1 million

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