Council progressing £8m investment for new Chichester business destination

The next stage of an ambitious £8m project to attract nearly 100 new businesses to Chichester is set for approval.
By The Newsroom
Published 3rd Jul 2017, 15:51 BST
Updated 8th Jun 2018, 03:13 BST

This article contains affiliate links. We may earn a small commission on items purchased through this article, but that does not affect our editorial judgement.

Artist impression of the new Enterprise Gateway currently being built in Terminus RoadArtist impression of the new Enterprise Gateway currently being built in Terminus Road
Artist impression of the new Enterprise Gateway currently being built in Terminus Road

Chichester district councillors are expected to approve an agreement with a contractor to redevelop land it owns at Plot 21 in Terminus Road at cabinet next week.

With planning permission already approved for six business units and demolition underway, the cost of the scheme is estimated at £2,083,000, with between £160,000 and £180,000 a year is expected to be generated in rental.

Hide Ad
Hide Ad

Plot 21 is the smaller of two adjacent council-owned sites undergoing major redevelopment, with more than £6m of council money pledged to turn Plot 12 into a new Enterprise Gateway.

The Enterprise Gateway and Plot 21 will offer nearly 100 units for businesses of varying sizesThe Enterprise Gateway and Plot 21 will offer nearly 100 units for businesses of varying sizes
The Enterprise Gateway and Plot 21 will offer nearly 100 units for businesses of varying sizes

It will provide 90 offices, studios and workshops in a new purpose-built development which CDC says will create between 250 and 275 new jobs every three years and ‘contribute to an improvement in business survival rates’.

Construction began in March and is currently on schedule to be completed by early spring 2018.

It marks the first of a number of major investments in developing the city by CDC, and leader Tony Dignum 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.

Hide Ad
Hide Ad

“The centre will focus on the needs of small, medium and start-up businesses, with flexible easy-in, easy-out terms.”

Work began in April and should be completed by early Spring 2018Work began in April and should be completed by early Spring 2018
Work began in April and should be completed by early Spring 2018

With the ability to rent space for just two weeks, it is hoped small businesses will be helped to access a range of additional support.

Nine contractors responded to the council’s tendering process for Plot 21, and in June an unnamed, preferred contractor was identified, with cabinet members likely to approve the agreement next Tuesday.

As well as attracting new businesses it is hoped existing Chichester-based companies will relocate to the site and ‘expand economic activity in Terminus Road.

Hide Ad
Hide Ad

Don’t miss out on all the latest breaking news where you live.

Here are four ways you can be sure you’ll be amongst the first to know what’s going on.

1) Make our website your homepage at www.chichester.co.uk/

2) Like our Facebook page at www.facebook.com/ChichesterObserver

3) Follow us on Twitter @Chiobserver

4) Register with us by clicking on ‘sign in’ (top right corner). You can then receive our daily newsletter AND add your point of view to stories that you read here.

And do share with your family and friends - so they don’t miss out!

The Chichester Observer - always the first with your local news.

Be part of it.

Related topics:CouncilFacebook