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Council looks to create £6.5m business ‘move on space’

Published Tuesday 11 July 2017

The first steps have been taken to create £6.5million ‘move on space’ for businesses in the Harborough district.

The proposed project would see the development of a new commercial building that would provide office space for businesses looking to grow and move into larger accommodation in the district.

It follows the success of the Harborough Innovation Centre, which Harborough District Council developed and opened in 2011 to provide office space for start-up and new businesses.

The new building would cover an area of 2,323m2 (25,000ft2), and it is anticipated that the extra available office space would generate over 200 new jobs in the area.

At Harborough District Council’s Full Council meeting on 10 July 2017, councillors approved the submission of a full application for the European Regional Development Fund, which is administered as part of the European Structural and Investment Funds.

If a submitted application is successful the total project costs (£6,565,000) would be met by equal contributions from Harborough District Council and the European Regional Development Fund – with each contributing £3,282,500.

The application will be submitted to the Department for Communities and Local Government by 14 July 2017.

Read the Council report on the Business ‘Move On Space’ at http://cmispublic.harborough.gov.uk/cmis5/Meetings/tabid/73/ctl/ViewMeetingPublic/mid/410/Meeting/5268/Committee/796/SelectedTab/Documents/Default.aspx

 

Notes to Editors

European Regional Development Fund

The project is seeking £3,282,500 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020. The Department for Communities and Local Government (and in London the intermediate body Greater London Authority) is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information visit https://www.gov.uk/european-growth-funding