Portsmouth City Council is looking to boost local businesses and jobs with 21 units and a restaurant/café on the old AE Hadley shopfitters site in Limberline Spur. The units are set to open this autumn.
The redevelopment of the council-owned land, in a busy, established freight and distribution location, will include allocated parking, bespoke fit-out options and extra business services.
The project will cost an estimated £4.25 million. The money for the scheme will be borrowed and the rental income generated by the site will exceed the cost of servicing the additional debt.
Councillor Luke Stubbs, cabinet member for planning, regeneration and economic development, said: "These units will give a real lift to local businesses and create jobs, both in the units themselves and in the construction work, at a time when there is a huge demand in this area."
Buckinghamshire tech company Halma has acquired transport safety firm MK Test Systems Limited. Headquartered in…
BRiCS Development has secured an £11.55 million finance facility with Paragon Bank’s Development Finance team…
IT services and solutions company Mintivo has appointed Alex Jukes as its new Managing Director…
Bartlett Tree Experts have announced its intention to build a new arboretum and research facility…
The creation of a first-of-its-kind imaging system at the University of Surrey could help the…
Open Sight, which provides support across Hampshire to those living with or at risk of…