Work has begun to build a brand new business space in the Solent Enterprise Zone at Daedalus, Fareham.
The £5.3m Innovation Centre will contain office space and workshop facilities for new businesses, with a focus on the engineering, aerospace, aviation and marine industries. The project will create around 150 new jobs.
The development is part of £8.3 investment from Fareham Borough Council at the Enterprise Zone, which includes improvements to the runway and new hangar space. In autumn, Fareham College will open a new Centre for Engineering and Manufacturing Advanced Skills Training (CEMAST) on site.
Executive Leader of Fareham Borough Council, Cllr Seán Woodward, said:
"I'm pleased to see work has started on the Innovation Centre. It will offer top the range support and facilities for new companies in engineering, aerospace, aviation and marine, and will also mean the creation of highly skilled local jobs. It's another exciting step in the delivery of the Solent Enterprise Zone at Daedalus."
The Innovation Centre has been supported by a £5.3m investment from the Homes and Communities Agency (HCA) which is working with partners to bring thousands of new jobs and investment to the enterprise zone.
Kevin Bourner, HCA head of area, said: "This Innovation Centre is an important aspect of a key economic site for south Hampshire, which is being transformed by the investment committed to the Enterprise Zone. Through these changes, local people are seeing activity and development return to this site. That can only be good news for local businesses and the wider economy."
Len Salter, Regional Managing Director at Bouygues UK, said: "We are delighted to be awarded this project at the Daedalus Enterprise Zone. We are excited about working with Fareham Borough Council on this project which will benefit small businesses, create local employment and bring an entrepreneurial spirit into the area."
Work on the Innovation Centre is expected to be finished March 2015.
Notes to editors:
It is estimated that around 3,500 jobs will be created within the Enterprise Zone over the life of the Zone, turning the area into a destination of choice for advanced manufacturing and technology businesses, especially within the marine, aerospace and aviation sectors.
The Enterprise Zone is led by the Solent Local Enterprise Partnership (LEP), the local authorities within the Partnership for Urban South Hampshire (PUSH) and the Homes and Communities Agency (HCA), which owns much of the land within the Zone.
In recent years, Bouygues UK has increased its presence in the UK through the acquisition of Warings, Thomas Vale, Leadbitter and Denne. These, together with our existing construction and housing operations and those of our property development company, Bouygues Development, position us as a major British player with a combined turnover of around £800 million, approximately 150 sites and 1500 people.
Delivering innovative and sustainable construction, with intelligent management throughout the entire life-cycle of each project, guarantees efficiency and excellence.
Our unrivalled technical project solutions, combined with the strong financial position of our Group, are key differentiators. We are committed to delivering our projects with a local focus, with a particular emphasis on purchasing and employment.
Through our long-term commitment to our clients and stakeholders, we are Shaping a Better Life through our global strength and local focus.
Bouygues UK is wholly owned by Bouygues Bâtiment International, a subsidiary of Bouygues Construction. As a global player in construction and services, Bouygues Construction designs, builds and operates buildings and structures which improve the quality of people's living and working environment: public and private buildings, transport infrastructures and energy and communications networks. A leader in sustainable construction, the Group and its 52,200 employees have a long-term commitment to helping their customers shape a better life. In 2013, Bouygues Construction generated sales of 11.1 billion Euros.
For further information contact:
Lorna Tipper, PR and Marketing Officer, Tel: 01329 824302
fax: 01329 550576, e-mail: email@example.com
This and previous media releases can be viewed on the Council's website: www.fareham.gov.uk/pressreleases
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