Work on a new commercial space for businesses to grow and provide jobs to benefit Cornwall’s residents, has started in Pool.
Chi Tevyans or ‘House of Growth’, will join a suite of workspaces commissioned by Cornwall Council. It is the latest Council-led development to meet the needs of businesses who want high quality office space so that they can expand and grow.
Co-funded by the European Regional Development Fund, Chi Tevyans will be a three-storey building featuring twelve new office suites, ranging from 86-22sq m, providing a total of 1,512sq m of flexible workspace, enabled with ultrafast ‘fibre to the premise’ technology. Its central location, next to the Pool Innovation Centre, provides excellent public transport and road connections.
Chi Tevyans will address a gap in the supply of grow on workspace in the Camborne, Pool, Illogan and Redruth (CPIR) area. It will provide infrastructure for growing businesses that need new office space to accommodate their growth and provide a high-quality work environment where businesses can create and develop their products and services.
The building will boast the same high-quality environmental standard as other recent workspaces commissioned by Cornwall CounciI, such as the Aerohub Business Park Sector 2 and the Enterprise Space for Advanced Manufacturing, and will be built to BREEAM ‘Excellent’ standard.
The Cornwall Council led project is being built by Kier Construction Ltd with Mace Group Ltd acting as project managers. It is funded by a £2.3 million investment from the European Regional Development Fund (ERDF), matched by £1.9 million from Cornwall Council.
Construction is expected to be completed by the end of 2020, with the first tenants following in early 2021. The development will enhance the North Trevenson site, which currently comprises the residential development of Mellior Park, Cornwall College and the Pool Innovation Centre. It is estimated that once the building is fully occupied, the Chi Tevyans project will support the creation of 40 new jobs in the area and contribute £1.5 million to the local economy.
Cornwall Council cabinet portfolio holder for culture, economy and planning Bob Egerton, said: “This new development in a strategic location close to the A30 will offer much needed high-quality accommodation for businesses looking to expand. It contributes to Cornwall Council’s strategic aim to increase high wages and high skilled local employment.”
Cornwall & Isles of Scilly Local Enterprise Partnership chief executive Glenn Caplin, added: “The tech sector is growing in the Pool area and by providing more high quality, fibre connected office space we are supporting the continued growth of this important cluster. I look forward to seeing the first businesses moving in next year.”