A local construction company has been awarded more than £300k of Convergence funding towards building a new HQ.
RM Developments is the lead company in a consortium of four building contractors – FourCornwall – and the funding will go towards building a new headquarters at United Downs, near Redruth.
The money will assist in extending and refurbishing RM Developments existing property at United Downs, creating more factory space and new offices.
It will also provide a centrally located administrative headquarters for FourCornwall.
A successful application for the funding was put together by Brian Botting, a chartered surveyor and partner at Miller Commercial Property Agents.
He said: “This injection of European money enables the project to be undertaken in these difficult times when it wouldn’t have gone ahead speculatively. In other words it wasn’t viable without European investment to share the risk.”