A BIG cash boost for the city could create more than 200 new jobs and 90 new offices, studios and workshops.
Chichester District Council has announced a £4m venture for the Enterprise Gateway, which will be based in Plot 12, Terminus Road.
Council officers are forecasting the project could create 275 new jobs every three years and help keep businesses afloat.
The project is set to be discussed at full council on May 20, where a final decision will be made.
Cllr Josef Ransley, cabinet member for support services at Chichester District Council, said: “We want to encourage economic growth in the district and this project is a major part of the council’s encouragement of local business development.
“It will give a real boost to businesses over the next few years, which will be of real and lasting value in our area.”
He said that if given the green light by councillors, the ‘dedicated, modern facility’ would enable businesses to ‘grow and flourish’.
Cllr Ransley also said the project would create new, ‘high-quality’ jobs for local people.
Research by the district council found the area, to the south of Chichester, was ‘in need of a high-quality development’ where new businesses could rent space.
A spokeswoman for Chichester District Council said: “If given the go-ahead, the project would offer new business flexibility on office arrangements with the ability to rent space for just two weeks.
“The aim is to give businesses a good start and to have access to the support they need to make their businesses successful.
“This will include working with local education providers and business support groups to offer support and business mentoring schemes.”
The plans include 90 business units ranging from 100 to 750 sq ft, with some of the space offering flexible rental terms.
The 1.5-acre site will offer office, studio and workshop units, along with car parking.
The project was recommended by Chichester District Council cabinet members at a meeting on Tuesday.
Councillors were asked to consider the consultant’s viability report and recommend money for the scheme should come from the council’s capital programme.
If the scheme is given the green light, it is expected to be completed in summer 2016.