PowerPark is an exciting regeneration project which will be the heartbeat for the regions offshore renewables, engineering, and maritime industries. Situated in an area that covers the towns port, dock and industrial area. The Port of Lowestoft (owned and operated by Association of British Ports) acts as an important regional sea servicing route between the UK, Europe, Scandinavia, and the Baltic States. PowerPark itself covers 24.7ha and is located within walking distance of the town centre and seafront.
The town benefits from good connections to Norwich (A47), Ipswich (A12) with a regular rail service to London. The neighbouring port of Great Yarmouth is located 12 miles away and Sizewell Nuclear Power Station is 25 miles away from PowerPark.
PowerPark already has a reputation as a location for being a centre for offshore renewable energy, however, with the Government’s ambition to generate 40GW of offshore wind power by 2030 and £60B of capital investment expected within the East of England by 2040 this project highlights the scale of the opportunity.
Business confidence is strong, with PowerPark home to a number of offshore wind developers and operators, including Greater Gabbard Offshore Wind Farm, SSE, ScottishPower Renewables, SLP, Associated British Ports and Turner Iceni. PowerPark also supports the engineering, marine and fishing industries with multiple supply chain companies being based here.
PowerPark is also internationally known as the home of OrbisEnergy, a landmark innovation and incubation centre for clean energy businesses in the East of England. Offering flexible workspaces, exceptional conference and meeting facilities and virtual office solutions, tenants include leading energy related companies and the Offshore Renewable Energy (ORE) Catapult. OrbisEnergy’s Virtual Incubation & Innovation Programme (VIP) provides businesses of all sizes who may not require physical office space with a comprehensive package of support and services including an address at OrbisEnergy, monthly meeting room allocations, a dedicated local telephone line, call handling, reception services and access to innovation events, business support and networking opportunities. OrbisEnergy houses over 40 businesses both physically and virtually, providing a landing pad for inward investors and a launchpad for ambitious clean energy companies.
In September 2020 East Suffolk Council completed a vision for PowerPark which set it's ambition and a clear pathway for sector growth, based on feedback from stakeholders in the industry. This will provide the assurances that businesses need to base themselves at PowerPark or grow their operations here for the long term.
The Design Vision is an ambitious document, outlining the key principles and overarching design concepts for PowerPark and is based upon a robust masterplan, taking consideration of the key design criteria for industries and businesses associated with the energy sector. This provides a conceptual framework for how the Council and partners want to see PowerPark develop. Extensive consultation with appropriate local, and regional stakeholders and consultees has been undertaken, allowing the principles of the Design Vision to be considered achievable and deliverable.
The ambitions and aspirations set out within the PowerPark Vision highlight the future development we anticipate taking place within this thriving employment area.
A new business development is coming soon to the PowerPark area. Please contact our Economic Regeneration team for further information.