30,000 sq ft site to house engineering training academy

Credit: Hercules Site Services

Civil engineering firm Hercules Site Services has entered a lease agreement for an industrial site in Nuneaton.

The 30,000 sq ft site is expected to be home to it’s Hercules Training Academy, a centre which will ensure high skill levels and quality across Hercules’ workforce, alongside providing specific training for clients across the infrastructure and construction industries.

Cirencester-headquartered Hercules will initially utilise the site for storing plant, machinery and suction excavators, as the company continues to supply labour for the construction of HS2 phase 1 in the West Midlands area around Birmingham.

By being only 15 miles away from the company’s operation at HS2 phase 1, Hercules management say it will deliver efficiencies and cost savings through reduced travel times and storage costs.

The annual rent payable by Hercules is £100,000 per annum and the lease term is for 18 years. This lease will be shortened when construction of the training academy is completed, with rent to be agreed at market rates.

In addition, the facility will be used by the civil projects team to service new fibre broadband work in the East Midlands region and for general training purposes, whilst also providing a more northerly base for Hercules’ suction excavator business.

Henry Pitman, the non-executive chairman of Hercules said this, “marks the first step in the company’s stated strategy to develop a training academy to provide much needed skills for the infrastructure sector in a bid to help tackle the UK’s skills shortage.

“We believe the site in the West Midlands will provide the company with an important base for the region and the north of England, where Hercules is experiencing an increase in work across all business areas. We look forward to providing further updates as this important project progresses.”

The site is being leased from Hercules Real Estate (HRE), a substantial shareholder and related party of the company.

Brusk Korkmaz, Hercules’ chief executive officer, is a director of HRE and the majority shareholder. It is the intention of HRE to finance the construction of the training academy and the planning process has already begun.

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