Council invites innovation at new business park

by Natalie Vincent Tue 18 September 2018, 2:58 pm

Businesses across the south-east and London were offered the opportunity of expanding at a new business park in Medway this morning.

The launch of Innovation Park Medway at Rochester Airport was held in the Kent, Surrey and Sussex Air Ambulance hangar, with dozens of business owners, investors and developers hearing about plans for the new business hub and to register their interest.

The development, which forms part of the North Kent Enterprise Zone, offers up to 100,000sq m of innovative commercial space along with meeting and conference space, and business facilities. It is expected to become a magnet for technology, engineering, manufacturing and knowledge intensive businesses. It also offers a business rate discount to those who locate to the site – up to £55,000 annually for five years and a maximum of £275,000 per business. Businesses that locate there will also have access to talent coming through four Medway-based universities and two colleges.

Leader of Medway Council, Alan Jarrett, said: "We were committed to creating a high quality, commercial innovation space for a wide range of high-value technology, engineering, manufacturing and knowledge-intensive businesses, and Innovation Park Medway does just that. We recognise the importance of helping businesses grow and to build foundations now to benefit Medway’s future."

A draft masterplan setting out the proposals for the site has been created, with members of the public encouraged to provide feedback. Earlier this month, Medway’s cabinet approved a recommendation to consult the public on the draft masterplan, which started yesterday and ends on 29 October.

Kelly Tolhurst, MP for Rochester and Strood, said: "This is a particularly exciting project for our towns which will boost local skills and our economy and maintain Medway as a great place to live and work into the future.

"Medway already has a lot to shout about when it comes to high-skilled technology, engineering and manufacturing and Innovation Park Medway in its ideal location will only help increase local entrepreneurship and business growth."

It is hoped that the masterplan will be adopted in Medway this December and in Tonbridge and Malling in January 2019, removing delays for businesses to plan a move to the park and for development to start.

 

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