THE FIRST stage of an exciting new business park to create hundreds of jobs is under way after the project secured a £1.5 million grant.
The South East Local Enterprise Partnership has provided the money through a government grant to build the park off the north end of Queensway.
The money will be used to help provide a new junction off the carriageway to open up the site and to undertake the initial infrastructure work needed to support the new development.
It will be sited just a mile away from the state-of-the-art Enviro 21 business park and building work is expected to begin in the new year.
The North Queensway project is one of 17 schemes SELEP is supporting with around £40 million of Growing Places Funding, a government initiative. It is part of a £500 million scheme to enable the development of local funds to address infrastructure constraints, promote economic growth and the delivery of jobs and houses.
SELEP chairman, John Spence, said: “SELEP’s core purpose is to help remove the barriers to growth and enable businesses across our area to grow and flourish for the benefit of the local and national economy. Schemes like North Queensway and the other projects we are supporting through the Growing Places Fund help us achieve that aim and highlights the appetite for growth there is in the south east.”
Leader of East Sussex County Council, Cllr Peter Jones, said: “The Growing Places Funding will help to create jobs and growth for local people and follows the good news on funding for the Priory Quarter in the town.
“We’re playing our part to support the economy with our four-year £500 million budget for growth. Our investment includes money for road improvements, such as the Bexhill Hastings Link Road, and faster and better broadband for the whole county.
The director of the Institute of Civil Engineers in the south east, John Laverty, said: “It is estimated the North Queensway Project will create 865 jobs when it opens. But the lasting benefits are likely to be even more significant.
“We look forward to this work getting underway in 2013.”