Rushcliffe Borough Council is celebrating the start of a building project that will mean the creation of new employment units in Cotgrave yesterday (13 March).
The site, which is just off Hollygate Lane in the town, will accommodate 15 light industrial units ranging in size from 750 to 2,000 square feet. They will be completed in July and will be let on flexible lease terms at market rates to local businesses.
In 2015, Rushcliffe Borough Council secured £1.8m Growth Deal funding from the D2N2 Local Enterprise partnership for the project. The Council has also committed £850,000 as
as part of the wider £10.5m Cotgrave regeneration scheme, which will see the construction of a new multi-service centre, landscaping and renovations of the shops on the precinct.
The project is aimed at meeting market demand as all 35 of the Council’s industrial units in Cotgrave are occupied. The 15 new units which will create 50 jobs and should provide an income to the Council of £50,000 per year.
Cllr Neil Clarke, Leader at Rushcliffe Borough Council said:
“Regenerating Cotgrave has been a priority and part of that is making sure that we support both the town centre, jobs and business start-up or expansion. As all of our existing units in Cotgrave are already occupied, our joint investment will provide much needed space for new and expanding businesses whilst also supporting employment opportunities for local people as the town continues to grow.
Securing LEP funding and a demonstrable track record in small business units makes this a good commercial investment for the Council and its principal partners, Nottinghamshire County Council and Cotgrave Town Council and is an excellent example of the public sector working proactively with the private sector through the D2N2 Local Enterprise Partnership and Wilson Bowden.”
Interest from businesses has been positive and six of the 15 units have been pre-let already. However, anyone interested in the remaining units, available in summer, should contact email@example.com.
Details of the £10.5m regeneration project
- A new multiservice centre will be built on Scotland Bank to house GPs, police, library, Rushcliffe Borough Council contact point and Cotgrave Town Council.
- The existing police station, library and health centre will be removed and replaced with new open space and landscaping. This will open up the precinct to Candleby Lane and create a welcoming environment for shoppers.
- Shop units will be improved to provide a fresh new look and improvements will be made to the appearance of the back of the shops.
- Flats above the shop units will be converted in to a new business centre for local businesses.
- There will be a new play area and grassed areas.
- 15 new industrial units will be built on the former colliery site, next to existing units on Colliers Way.