The site of the former Wessex Foods factory has been brought back to life as a new business and enterprise park for local businesses to grow and flourish as it celebrates its official opening today. With a project budget of £6.5million, the site occupies two acres of land and comprises of 17 business units of differing sizes.
There are already six business units occupied with the remaining eleven units available for tenants right now. Businesses that move in before 31 March 2019 can apply for reduced business rates over the next three years. The units are being marketed by local agents Aldreds.
The former factory site was purchased by Suffolk County Council in 2015 after remaining empty since 2010 when a fire destroyed the Wessex Foods plant. The purchase was funded with £2.5m from New Anglia Local Enterprise Partnership through its Growth Deal with Government. In 2013 the site received its enterprise zone status from central government which unlocked the opportunity to turn the redundant land into a location for business generation. This government status included the provision of ensuring the site had access to superfast broadband, reduced business rates and a simplified planning process to enable appropriate development in a timely fashion.
Leader of Suffolk County Council, Cllr Matthew Hicks who has the portfolio for economic development said:
“Completion of this business and enterprise park demonstrates our commitment to regeneration in Lowestoft and supporting local companies that are looking for premises to help to start up or grow. We could not have delivered this project without the financial support from Waveney District Council and the New Anglia Local Enterprise Partnership. This project has been a real team effort."
“Great things are happening in Lowestoft. We have already delivered the Lowestoft Northern Spine Road and now we’re bringing forward the Lake Lothing Third Crossing. The construction of the crossing is a signal to businesses in the region. It will also help to attract new business investment for the local economy – and the units here at Phoenix Enterprise Park stand ready to accommodate the resulting growth.”
Doug Field, chair of New Anglia Local Enterprise Partnership, said:
“The opening of Phoenix Enterprise Park is a great example of what can be achieved through collaboration. As a key site on our Great Yarmouth and Lowestoft Enterprise Zone, the park will play a vital role in achieving our ambitions for creating jobs and inclusive growth, while improving our offer to new and growing businesses.”
Councillor Michael Ladd, Cabinet Member for Economic Development at Waveney District Council said:
“Developing employment land to provide modern business accommodation helps us to create and sustain the jobs needed for the future prosperity of Lowestoft.
Phoenix Enterprise Park is a shining example of what can be achieved when partners work together to achieve this shared ambition.”