A major boost to the local economy in central Cornwall has been announced with the expansion of business facilities at Victoria.
Over £3 million of ERDF Convergence investment has been awarded towards a £5.6 million construction project at the Victoria Commercial Centre.
The scheme will provide flexible business space in a variety of formats ranging from 2,000sq m down to 10sq m starter units.
The investment will also provide access and servicing of an additional ten acres of industrial land that will make available much needed opportunities for local businesses to expand in future phases.
Graham Honey of Victoria Commercial Centre said: “I’m very excited; it’s a tremendous boon for the clay area of central Cornwall. Without the ERDF Convergence investment we wouldn’t be able to help develop this area and provide the desperately needed premises for start-ups and developing businesses.”
Chris Pomfret, chairman of the LEP and deputy chair of the Convergence local management committee, which steers the Convergence programme, added: “Building on the success of the original Victoria Commercial Centre by opening up the land for further economic growth showcases the way ERDF Convergence investment can work to provide long-term growth opportunities.
“With the site so close to the A30 it is perfect for SMEs to easily start up or relocate with great links to the both inside and outside of Cornwall.”
Work on the project has already begun and is due for completion in the autumn.