Michelle Tomlinson of the Urban Regeneration team at King Sturge said, “Without 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 m² (200,000 ft²) 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 Paul’s Developments plc and Network Space – a JV between the Langtree Group and English Partnerships.
The St Paul’s scheme is a commercial B1/B2/B8 development comprising of units ranging from 464.5 to 6,967.5 m² (5,000 to 75,000 ft²), situated just off junction 35A of the M1 motorway, known as “Sheffield 35Aâ€. A grant in excess of £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 m² (500 to 2,000 ft²). A grant in excess of £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)
