Eshton Group has secured planning for the €113.5m (£100m) development in association with Castlevale. The plans would have the location at Junction 52 of the A1M turn into an industrial hub, attracting businesses from across the UK to drive local investment and employment. Representing a major economic opportunity for Catterick and Richmondshire, the business park – which is to be branded Catterick 52 – will be aimed at industrial occupiers to help overcome the national warehouse shortage. Eshton will be attracting tenants from across the UK, driving business and capital into the region to provide a significant economic boost. Once filled, it is estimated the development will facilitate the creation of circa 1,250 jobs in the area.
James Chapman, managing director at Eshton, said: “This is a big step forward for the future of Catterick. The development is a landmark opportunity to attract major investment and employers to the area at a time when other areas of the UK are lacking in their provision of quality commercial space. Over the next few months, we’ll be kickstarting the project to ensure that as soon as possible, Catterick is able to reap the benefits of having a site of this scale in the area. Others like it in the North of England have unlocked huge capital and demonstrate how businesses can thrive when provided with the right environment.”
Councillor Angie Dale, leader of Richmondshire District Council, said: “This exciting new development on a key site for Richmondshire will bring much-needed jobs and a massive economic boost to the district as a whole. We look forward to working with the developers to see this scheme come to fruition.”
