Vince Cable Launches Burnley Bridge Business Park

Vince Cable Launches Burnley Bridge Business Park

Rt Hon Vince Cable MP, Secretary of State for Business, Innovation and Skills was in Burnley today (27 February 2014) to officially launch Burnley Bridge Business Park.

Mr Cable enjoyed a tour of the 70-acre development site, before unveiling a commemorative plaque to mark the official launch of the £50 million business park. Located at Junction 9 of the M65, the development is the flagship project for Leeds-based commercial property development and investment firm, Eshton Ltd.

Speaking at the development, Business Secretary Vince Cable, said: “It is seven months since Burnley was awarded the title of ‘Most Enterprising Area in Britain’ and the town has capitalised on that award to drive economic growth and build on its success as a business location.

“This development, part-funded by Government through Lancashire’s Growing Places Fund, shows that our industrial strategy is giving companies across the UK as well as here in Burnley the confidence to invest, to secure jobs and play their part in contributing towards a stronger economy. I want to pay tribute to the local MP, Gordon Birtwistle, who has so actively promoted this project.”

Burnley Bridge Business Park will provide a high standard of industrial and logistics accommodation with units available from just 2,000 sq ft. Construction of the first phase has been delivered with the help of £3.85 million from the European Regional Development Fund (ERDF) and a £2.4 million development loan from Lancashire’s Growing Places.

The first speculative units, the 29,000 sq ft Magnesium Court and the 64,100 sq ft Cobalt Building have recently been completed, with construction of a third speculative scheme, the 15,000 sq ft Lithium House has now received detailed planning consent and construction will be beginning shortly. The remaining properties will be constructed to occupiers’ specifications and the development is expected to create 1,400 sustainable jobs once all units are fully-occupied

James Chapman, managing director of Eshton, added: “Burnley Bridge Business Park is a built-to-suit development which provides for the key operational requirements of industrial and logistics businesses, offering bespoke facilities, a superb location and direct motorway access.

“We are honoured that Vince Cable was able to launch the business park and witness first-hand how funding from the European Regional Development Fund and a Lancashire’s Growing Places loan can positively affect an area like Burnley.”

Burnley Council Leader, Julie Cooper, said: “The council worked closely with Eshton to assist them in bringing forward this Grade ‘A’ development, and it’s wonderful it is now officially launched and open for business. This site will put Burnley firmly on the ‘key regional development sites’ list used by the top commercial property agents, who are seeking large quality sites for their clients.

“I’m delighted the Business Secretary could officially open this key employment site, as he has long been an advocate of Burnley’s excellence in manufacturing and economic growth.  We have invited Mr Cable to speak at an event we are holding in London in April to showcase the opportunities in Burnley such as Burnley Bridge, which we hope will generate some quality relocation enquiries for the town.”

Burnley Council’s chief executive, Steve Rumbelow said: “The council is working hard to promote the borough to attract new investment and to put in place the infrastructure to attract new businesses, work which secured the town the title of Most Enterprising Place in the UK, which endorses Burnley’s economic achievements and reinforces our message that Burnley is changing.”

“Burnley Bridge is the largest of several state-of-the-art developments underway in Burnley, and is one of the largest on the market in Lancashire which will deliver significant jobs and economic benefits for Burnley. I look forward to continued partnership work with Eshton to progress the development and secure occupants for the site and, in the longer term, work with them to potentially increase the size of the site creating more space for more jobs.”