£1.47m grant secured for 60,000 sq ft industrial development

A funding package of £1.47m has been secured to help create 60,000 sq ft of industrial and manufacturing space at Northfield Business Park in Rotherham.

As a result of the grant from European Regional Development Fund (ERDF), managed by the Ministry for Communities Housing and Local Government, work on the entire £.5.5m project is now underway.

The development on Forge Way at Parkgate by EV Waddington offers 10 units in two-terraces, providing industrial and manufacturing accommodation for the South Yorkshire region.

Developer Tony Waddington said: “This funding continues our aim to attract new companies to the City Region, with the right commercial property offer.

“The premises have been designed with the utmost flexibility and are suitable for manufacturing and industrial use and the units can be combined to accommodate larger requirements where required.”

Rebecca Schofield, partner at the Sheffield office of Knight Frank, which acted for EV Waddington, said: “The accommodation is ideally located within the Parkgate area of Rotherham and offers a range of unit sizes to appeal to the local and regional market.”

The units will be finished to a specification to include 6.5m eaves; connection to all mains services; full height roller shutter loading door and fitted office accommodation over two floors.

Paul Mercer, managing director at Mercer & Co, who helped secure the £1.47m 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 to accommodate up to 174 new FTE jobs and generate £75m GVA over the next 10-year period thanks to ERDF support.”