Sheffield MP praises new industrial park “offering crucial employment opportunities”

MP Clive Betts has commended the newly completed Vantage Park, built with £1m funding from the European Regional Development Fund (ERDF), during a visit to the former unused brownfield site in South East Sheffield.

Sheffield South East MP Mr Betts, who visited the industrial park to meet developer Tony Waddington and property agents Knight Frank, praised the development which has already attracted five new companies to the area.

Mr Betts said: “This is exactly the type of modern industrial usage we want in the area offering crucial employment opportunities through the regeneration of the area. This park is already home to five new tenants. This success shows that speculative development is worth doing here and business owners see the value of being located in Tinsley.”

British Glass, Plascompo, Prosurface, Cafeology and Interlink have all relocated to Vantage Park on Sheffield Road, which was speculatively developed by Rotherham property company and investor E V Waddington Limited.

Rebecca Schofield, partner at the Sheffield office of Knight Frank who helped provide market advice to secure the ERDF grant and which is marketing the development, said: “Waddington’s saw the need for a new industrial park to cope with increased demand for manufacturing and industrial use in the area and built the development speculatively.”

The Vantage Park project was part financed by the European Regional Development Fund (ERDF) Programme 2007–2013, Priority 2 - Supporting and Stimulating Successful Enterprise. The aim of the finance project is to help local areas stimulate their economic development by investing in projects which will support local businesses and create jobs.

The industrial park also sits within the Sheffield City Region Enterprise Zone where capital allowances are available to qualifying occupiers.

Rebecca added: “The development is a multi unit scheme comprising 10 units arranged in terraces. the remaining four are available individually or can be combined to accommodate larger requirements.”

The fully insulated units, available for occupation and lease at £4.75 per sq ft per year include 6.5m eaves, connections to all mains services including three phase electricity, fitted offices and BREEAM specifications for reduced energy consumption and low running costs.

Rebecca concluded: “We have seen sustained demand from the industrial and manufacturing sectors in the South Yorkshire region for small to medium sized good quality stock which the development at Vantage provides.”

E V Waddington Limited has already developed Shortwood and Aldwarke Business Parks and Chesterton Court in Rotherham.

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