A high tech business park looks set to be created in Sovereign Harbour with almost 300 jobs in the offing.
Thanks to a £6 million funding boost earmarked by the South East Local Enterprise Partnership (SE LEP), the plan is for a development on two pieces of land off Pevensey Bay Road of more than 3,000 square metres of office and workspace facilities as part of the Sovereign Harbour Innovation Mall project.
The funding, to be provided through the Growing Places Fund, would be used to build a state of the art serviced office development on the designated employment land at Sovereign Harbour and officials say it would benefit both start up and established businesses and help unlock the potential of creating around 300 new jobs.
SE LEP chairman, John Spence, said, “The South East is full of investment opportunities and this scheme is a perfect example of this. There is a demand for new offices and facilities in the area and this project will help towards meeting this need. It could also be a catalyst for other businesses to move into the area that may have been lost to Eastbourne and the surrounding area without it.”
The plans have been given the seal of approval by the Sovereign Harbour Residents Association and Conservative and Liberal Democrat politicians.
Eastbourne Borough Council leader David Tutt said, “One of the top priorities for Eastbourne Council is economic development, the creation of new, well paid jobs within Eastbourne, to assist talented young people to find high quality employment, without having to leave the town.
“A key to achieving this are two pieces of land off Pevensey Bay Road at Sovereign Harbour. Our aim has been to encourage ‘hi tech’ businesses to locate here thus creating greater diversification in terms of locally available employment.
“Last week when I attended a meeting of the South East Local Enterprise Partnership (LEP) our plans took a major step forward. I was delighted the LEP approved the loan of £6 million from the Government created Growing Places Fund, to build an ‘innovation mall’.
“This is a building which can be split into varying sized units, providing easy in and out rental terms especially for start up businesses and could accommodate up to 300 new jobs. It is our hope that many of these businesses will grow in size and be future major employers in the town.
“I believe this building, which will commence later this year, will prove to be a real game changer as it will not only provide opportunities for new businesses but also encourage other, established companies to move to this location. These proposals not only have the strong support of the borough council but are also backed by East Sussex County Council, the Chamber of Commerce, Sovereign Harbour Residents Association and our Member of Parliament Stephen Lloyd.”