| yorkshire region
SCARBOROUGH BOROUGH – TOWARDS 2030 T
he coming years are set to see exponential economic growth for the
Borough of Scarborough. With its superb environment set between the Yorkshire Coast and the North York Moors National Park there is a level of investment and economic growth taking place not seen since the days the railways were first opened. Just south of Whitby, a new potash
mine, excavating high quality fertiliser for export around the world, is currently under construction. This £1.2bn investment will create around 1,000 new direct jobs in the area with up to 4,000 other jobs being created in the construction of the mine and within it’s supply chain. £40bn of investment in offshore wind is
due to start soon with the development of the world’s largest wind farm on Dogger Bank, 80 miles off the Yorkshire coast. Whitby is the closest port and the demand for operational and maintenance activity is set to be considerable. A new Offshore Wind Service Centre is planned to help develop this sector and is forecast to create 300 new jobs. Further supply chain investment is then forecast to provide many hundreds more jobs. In addition, GCHQ Scarborough is set
for major expansion, with GCHQ looking to recruit 300 new personnel over the next 10 years. McCain Foods, one of Scarborough’s
most well-known companies has just been granted planning permission and will invest over £100m in a new production facility, securing their presence in the town for the future. All of this expansion is putting a greater
emphasis on the need to invest in our skills base and has led directly to a number of local companies working collaboratively with the Council to invest £10m in a new University Technical College in Scarborough, with a curriculum focused on engineering, digital and technical skills. This investment will support many local businesses with their expansion
programmes and will help provide a highly skilled local workforce. In addition, Grimsby Institute of Further
and Higher Education, the parent organisation of Scarborough TEC, are relocating to a new site, providing further investment in professional and vocational learning for a wide range of disciplines all aimed at servicing the local demand for skilled people. In their most recent Ofsted inspection the TEC were classified as “outstanding” – one of a very small number of FE colleges to achieve such a result. Higher Education investment is also
being addressed with Coventry University investing £14m in a new campus in Scarborough which ultimately will grow to accommodate 5,000 students. Not only is the Borough seeing some
great expansion in it’s manufacturing and engineering base, but the tourism industry has also benefitted from some major new investment. From the early 2000’s, the improvement in facilities, the development of the offer and regional leadership has helped stimulate major projects.
The celebrated Tour de Yorkshire in
2017 saw 2.2 million people line the route with the first stage finishing in Scarborough. The £64m spend created throughout the overall event boosted the economy of the Borough.
Key Facts:
• Biggest private Investment programme in the north of England
• £40bn in offshore wind development off the Yorkshire coast
• 10,000 new homes being constructed
• Over £25m in new education and training facilities
• Over 100 acres of fully serviced business space
• Borough of Scarborough the second most visited place in England
One of the most significant leisure
investments has seen £15m invested in the country’s largest waterpark managed by Alpamare. The Borough Council has also delivered
Scarborough sea front (credit to Richard Burdon) 76
significant leisure investment in a brand- new sports village incorporating a new home for the local football club, Scarborough Athletic, along with an Olympic legacy pool and a whole host of other facilities. In the creative industries sector, major
COMMERCIAL PROPERTY MONTHLY 2017
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