Posted: 11.01.20 at 17:15 by The Editor
A new multi-million pound office and industrial centre - a 'grow-on' facility for Market Deeping's Eventus Business and Innovation Centre - has taken a step forward.
Lincolnshire County Council (LCC) is considering the feasibility of a new-build to complement the Northfields Industrial Estate centre - estimating the allocated budget for the facility would be around £3,750,000.
On Tuesday (7 Jan), Amanda Bond, LCC's special projects officer - economic infrastracture, attended the January meeting of Deepings Business Club as part of a fact-finding visit.
Club chairman Andy Pelling told Deepings Nub News: "There was an audience of approximately 33 members and guests.
"Amanda explained that the county council is still looking into the feasibility of this project.
"Evidence of need for business premises is required to justify the expenditure and help secure funding.
"She gave a 20-minute verbal presentation followed by a Q&A session.
"It seemed apparent from those present that there is need for such a facility."
Mr Pelling added that anyone whose business requires, or will require in the future, premises in the Deepings area should contact Amanda by email at [email protected]
She will also be available in person to talk to interested parties at the Eventus centre on Monday (13 Jan) and Wednesday (15 Jan) between 9am and 4pm.
A council report from last summer stated that the centre's function to support establishing businesses is being lost due to the lack of available grow-on business space.
"This, in turn, stifles business churn.
"Recent research indicates that there is a demand for grow-on office and industrial space in the immediate area and also in the wider catchment - and little supply to meet it.
"The delivery of a grow-on facility - coupled with potential spatial reorganisation of aspects of Eventus - will create the climate for new and existing businesses to flourish and expand and further contribute to the economic sustainability of the area," said the report.
Eventus, opened in 2010, includes 40 office suites ranging from 15sq m to 141sq m, meeting rooms, a café, managed reception, and communal facilities.
But, without an exit policy and/or the availability of grow-on space, companies often stay and expand, with the original function as a launch pad for business diminished.
The council report said the intention was for the building to be funded by a £1.5m LCC budget allocation with additional potential funding provided by the Greater Lincolnshire Local Enterprise Partnership (GL LEP).