Capitol calls for Finance Yorkshire
FINANCE Yorkshire, the new £90m fund set up to help businesses across the Yorkshire and Humber region, has chosen Capitol Park for its headquarters.
Finance Yorkshire is taking 4,200 sq ft at One Capitol Court in the heart of the 36-acre Capitol Park, by Junction 37 of the M1 at Barnsley.
It is paying £15 per sq ft on a 10-year lease.
Martin Croxen, the chief executive of Sterling Capitol, the Leeds-based developer of Capitol Park, said: “We are delighted that Finance Yorkshire has decided to take space within One Capitol Court. This is a ringing endorsement of Capitol Park, Barnsley, which is now proving to be a very popular business location for quality businesses.
One Capitol Park, which comprises 30,000 sq ft of office space, has been developed by Sterling Capitol, in conjunction with Priority Sites, the leading urban regeneration specialist.
The offices are be an integral part of the Capitol Park scheme which also includes a hotel, a pub, seven occupied hybrid units and provision for a 250-space park-and-ride facility, as well as a further 400,000 sq ft of industrial and office accommodation.
The whole development has been supported by a £2.65m public sector grant from Objective One and has been carefully planned and brought forward working closely with Renaissance South Yorkshire, Yorkshire Forward and Barnsley Development Agency.
Lee Buchanan, development manager of Priority Sites, said: “We are delighted to be welcoming another new tenant to the
building, knowing that a dynamic organisation like Finance Yorkshire will have a direct impact on boosting the local economy.”
Richard Smith, who led the team at hlw Commercial Lawyers which advised Priority Sites, added: “It’s encouraging to see the completion of such a deal, which is vital to the local economy. Finance Yorkshire moving into landmark offices in Barnsley is a real boost for local businesses, and we look forward to working with Priority Sites on other exciting developments in the coming year.”
Capitol Park is being marketed by the Leeds and Sheffield offices of property consultancy Knight Frank and by Rowlands & Co of Barnsley.
Tim Bottrill, of Knight Frank, said: “Finance Yorkshire’s decision to take space in One Capitol Court shows justified confidence in a great building in a great business park.
“With Business Link already occupying the same building, it is really a hub of Yorkshire business enterprise. There is still 6,000 sq ft of quality office available in Capitol Court, which should prove very attractive to potential occupiers.”
Finance Yorkshire will provide seed-corn, loan and equity investments ranging from £15,000 to £2m to help small and medium businesses raise the funding they need, alongside investment from the commercial market.
