A global marine drilling company is expanding into new £3.3 million headquarters on the Tolvaddon Energy Park.
LDD Ltd, which is currently based in Penryn, will move into the new purpose-built facility in 2015, backed by private sector investment and £1.8 million support from the European Regional Development Fund under the Convergence Programme.
LDD is a “worldwide specialist marine and subsea foundation installation service company”, with offices also in Australia and Singapore.
The new building will provide over 2,000 sq m of office and factory premises for the growing business. In addition, the expansion will safeguard existing high value employment and local supply chains which support LDD and result in the creation of new, skilled jobs.
Founder and MD, Jason Clark, said: “We have strong plans for the continued expansion of our business including creation of new (LDD group) businesses spinning out from LDD.
“Outgrowing our existing rented premises, we have been looking for suitable high quality office and workshop space for some time. When the option arose to expand at Tolvaddon we saw this as a good opportunity for us.
“It was very important for us to stay in Cornwall: our business takes us around the world from Australia to Colombia to North Wales and whilst theoretically we could have relocated anywhere, we really wanted to stay in Cornwall. Cornwall is where the ‘heart and soul’ of the business is and home to the team that started and built it from scratch, to what it is today.”