King Sturge has secured the first European Objective 1 grants for two property developments in South

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.”

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 35A”. 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)

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