Friday, July 10, 2020

Work begins on Rotherham industrial units following £1.6m grant

Work has begun on ten new industrial units in Rotherham after developer EV Waddington secured a £1.6 million grant from the European Regional Development Fund (ERDF).

The development will create units of 5,560 to 32,300 sq ft providing industrial and manufacturing space targeted towards SME occupiers at 31 East at Dinnington.

The £7 million project – also backed by Northern Powerhouse – will see a total of 80,000 sq ft of new units built over three terraces to supply much needed industrial and manufacturing accommodation for the South Yorkshire region and provide up to 180 jobs.

“Our new project at 31 East continues our response to addressing the lack of commercial property offer of this type in the region,” said Developer Tony Waddington.

“The premises are designed with flexibility, to allow units to be combined and accommodate a variety of uses and sizes.”

Rebecca Schofield, partner at the Sheffield office of Knight Frank, which is marketing the development for EV Waddington, said: “The development is suitable for a variety of uses.  Improvements to upgrade the A57, have made 31 East easily accessible from the national motorway network. Its location and range of unit sizes will appeal to the local and regional market.”

Paul Mercer, Managing Director at Mercer & Co, who helped secure the ERDF grant award, said: “This latest addition to the EV Waddington development portfolio will help enhance the competitiveness of SMEs and accelerate development in the region.

“It will help accommodate up to 180 new FTE jobs and generate £96m GVA over the next 10-year period thanks to ERDF support.”

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