Building work has started on a new business park set to create more than 120 jobs in Coalville.
The £5.5m Vulcan Park is being built by Leicester City Council and will boost business in the town by supporting start-ups and firms looking to expand.
The venture is part-funded by £2.4m from the Local Growth Fund and will offer a range of high-spec industrial units to let ranging from 1,000 to 9,000 sq. ft. (92- 836 sq. m.)
It is anticipated the work will be completed in September 2019 and will generate an income of around £325,000 per year.
The scheme is part of the strategic economic plan which aims to create 45,000 extra jobs, reduce unemployment by 50 per cent, support 15,000 businesses to expand and help 1,000 start-ups – Coalville is earmarked as a priority area.
Byron Rhodes, deputy leader at Leicestershire County Council, said: “We are delighted to be starting work on this project which we believe will have a really positive impact on the town.”
“Supporting businesses is important; it helps boost our local economy and creates local jobs.”
“Investing in property in this way will also help us generate income which we can then plough back into services.”
A number of companies have already shown interest in renting the units. If you are interested in renting a unit, please call 01536 213169.