Sheffield’s Vantage Riverside Business Park to undergo £6.3m expansion

Vantage Riverside Business Park in Sheffield is set for a £6.3m expansion.

The announcement follows on from an agreement between developers EV Waddington Ltd and The Department for Communities and Local Government.

The agreement gives the green light to create an 110,000 sq ft expansion that will provide new employment space for SME occupiers, following £1.9m investment grant being approved from the European Regional Development Fund (ERDF) managed by the Department for Communities and Local Government.

Phase two will provide a total 15 units of mixed sizes from 4,785 to 9,565 sq ft and provide capacity for industrial and manufacturing growth on this site, which is situated close to junction 34 of the M1 motorway.

Work is due to begin this month, and the first units are set to be ready for occupation in July with a further two buildings starting in October.

Sir Nigel Knowles, chair of Sheffield City Region Local Enterprise Partnership, said: “The project forms part of the Local Enterprise Partnership’s drive to increase inward investment and private sector jobs.

“In order to support our existing companies to expand and attract new companies to locate in the City Region, having the right commercial property offer is essential. The development is very good news and will help bolster the attractiveness of this strategically important area within the Advanced Manufacturing Innovation District.

“The role of ERDF has been crucial in providing funding for this speculative scheme to enable it to progress and support the wider regeneration of City Region.”

Phase one of Vantage Park in Tinsley, which is now fully occupied, was completed in late 2015 by E V Waddington Limited due to £1m investment grant from the ERDF.

The fully insulated units are available to let at £4.75 per sq ft pa and boast 6.5m eaves, connections to all mains services, fitted offices and very good BREEAM rating for reduced energy consumption and low running costs.

Both phases of the Vantage Park development have been part financed by the ERDF as part of the European Structural and Investment Funds Growth Programme 2007-2013 and 2014-2020.

ERDF funding was secured for both phases on EV Waddington’s behalf by Paul Mercer of HERA Regeneration.

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