£4m Pledged for Major Industrial Site in Redruth

Work is set to begin this year on a major industrial estate on the outskirts of Redruth.  The money from the European Regional Development Fund will help cover half of the £8m needed to build the roads, infrastructure and site servicing at Cornwall Business Park at Scorrier.

The scheme will provide about 33 acres of employment land, split into 23 serviced, industrial plots, with room for 31,000sq metres of high-quality, sustainable business space.  It is earmarked for completion in May 2011.

The investment will be match-funded by developer Hallenbeagle Estates Ltd.  Russell Dodge, the company's director, said: 'We are delighted to have received the Convergence Programme investment that will enable the delivery of the Hallenbeagle site.

'There is an acute shortage of serviced employment land within the county and the development will provide the opportunity for significant investment in employment space and job creation in West Cornwall.'