Another investor climbs on board £200m energy park development

Gary Fielding

The joint venture behind the £200m Yorkshire Energy Park has welcomed a new investor to its board.

Vital Energi is a decarbonisation, energy generation and distribution company, operating across the UK.

Its portfolio of work includes major city district heating schemes and energy generation and management schemes at hospitals and universities.

Vital will take a lead on the development’s energy strategy as part of the park’s vision to become one of the first zero carbon business parks in the UK.

The Yorkshire Energy Park development site is at the former Hedon aerodrome site to the east of Hull, and a consortium of companies have been brought together to progress the scheme.

Gary Fielding, chairman of Vital Energi, said: “We’re proud to become the energy partner for Yorkshire Energy Park and play our part in design and delivery of a scheme which will provide great benefits to the tenants and to the local and regional economy.

“The Park’s vision is truly impressive, and we are excited to deliver long-term resilient energy and multi-utility infrastructure that supports this vision.

“We’re looking forward to seeing the development take shape over the coming months.”

The energy and technology business park received its formal decision notice in late 2020 following East Riding of Yorkshire Council’s Planning Committee approval in 2019.

The flagship development is also a designated tax site as part of the Humber Freeport and it is anticipated it will create over 4,000 jobs across a range of sectors.

The joint venture has also appointed Andrew Reynolds as its project director, tasked with bringing the scheme to fruition.

Andrew Reynolds

Chris Turner, chairman of Yorkshire Energy Park, said: “The Board is delighted to welcome both Vital Energi and Andrew Reynolds to the Yorkshire Energy Park as we reach a crucial part of the project, with works due to start on site in the new year.

“Vital is a leader in modern energy solutions that support the decarbonisation ambitions of the UK. I’m looking forward to seeing their team apply this expertise to the Yorkshire Energy Park.

“Having spent a decade as development director at Hines, along with several other senior roles across the UK, Andrew also brings a wealth of experience to the project bolstering our existing team.”

Once complete, the 212-acre energy park will consist of:

  • An energy centre, battery storage and primary substation, providing on-site energy and off-site energy for export;
  • A tier three data centre and disaster recovery suite;
  • A mixture of space for businesses, including incubator space for start-up businesses and SME growth;
  • A National Centre of Excellence for education, training and research facilities and associated on site, short stay accommodation;
  • An outdoor building material and testing facility;
  • New sports facilities for the community; and
  • 45 hectares of green space, protected for 150 years as an ecologically enhanced area for protected species.

The delivery of the park is intended to kickstart the economic future of the Humber region with over £200m inward investment expected.

Reynolds added: “The Humber is uniquely positioned to drive the growth of the North and become a global leader in combating climate change, and Yorkshire Energy Park will further contribute to this vision.

“With the first tranche of tenants set to be announced imminently, Yorkshire Energy Park will be one of the first projects nationally to take advantage of the Freeport benefits, attracting inward investment and creating highly skilled careers for future generations.

“I am looking forward to meeting residents and local stakeholders over the coming weeks.”

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