Michelle Tomlinson of the Urban Regeneration team at King Sturge said, â€œWithout European support, neither scheme would have been financially viable and would have been unlikely to proceed. As a result of the grants over 18,580 mÂ² (200,000 ftÂ²) of new floorspace will be created. It is also anticipated that over 350 new jobs will be created.â€
The Urban Regeneration team at King Sturge successfully negotiated with the Priority 5 Programme Directorate to secure funds on behalf of St Paulâ€™s Developments plc and Network Space â€“ a JV between the Langtree Group and English Partnerships.
The St Paulâ€™s scheme is a commercial B1/B2/B8 development comprising of units ranging from 464.5 to 6,967.5 mÂ² (5,000 to 75,000 ftÂ²), situated just off junction 35A of the M1 motorway, known as â€œSheffield 35Aâ€. A grant in excess of Â£3m was awarded.
The Network Space development will take place at Kirk Sandall near Doncaster. This scheme will comprise a range of small units ideal for business start-ups from 46.45 to 185.8 mÂ² (500 to 2,000 ftÂ²). A grant in excess of Â£400k was awarded. Whilst this is the first grant for the joint venture company in the South Yorkshire area, King Sturge also recently negotiated a grant for them, on a similar development at Shireoaks near Worksop.
Both Sheffield 35A and Kirk Sandall developments are expected to commence on site shortly.
(source: King Sturge)