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The North West 2020 Annual Survey


Cumbria’s largest Business Park looks forward to another successful year


Cumbria LEP


Cumbria’s attractiveness as an investment location


for national and international


businesses is to be showcased at the world’s largest gathering of property professionals and investors.


A delegation led by Lord Inglewood, Chair of Cumbria Local Enterprise Partnership (CLEP), will attend the annual MIPIM conference in Cannes, which runs from 10 to 13 March, when key influencers and leaders from the international property industry gather to network, learn and do business.


With over 480 key note speakers and 26,800 participants, it offers a real opportunity for Cumbria to showcase to investors the many exciting opportunities that the county has to offer.


Cumbria’s presence at MIPIM follows the


recent announcement for that the


Kingmoor Park Enterprise Zone in Carlisle has been awarded a place in the Capital Investment Portfolio


the Northern


Powerhouse Region. This worldwide promotional initiative highlights key investment opportunities to overseas investors and is led by the Department of International Trade (DIT).


Kingmoor Park Enterprise Zone’s management can’t be accused of entering 2020 at a snail’s pace. Already this year they have received unprecedented level of enquiries, began work on a 4-acre solar farm and completed the ground work for Cumbria’s first modular business village made out of shipping containers.


Last year saw the completion of 19 brand new units ranging from 1,550sqft to 4,360sqft. These units were specifically built with the intention of meeting the needs of small and medium sized businesses. They are affordable, good quality and fill a gap in the market for those looking to grow or start their own business in economic premises. Such is the pent-up demand that already ten of these have been filled.


Commenting on this, Kingmoor Park’s Managing Director Neil McIntyre said, “At Kingmoor Park we will always try to find out what the market needs and work to fill the gap. In this case we are delighted to see the popularity of these units despite the uncertainty that Brexit has created”


Work has also started on the site’s first solar farm. Once completed this will produce


COMMERCIAL PROPERTY MONTHLY 2020


877,000kWh (kilo watt hours) of electricity per annum, approximately equivalent to 15% of Kingmoor Park’s energy needs which will save around 250 tonnes of C02 per year.


Groundworks are also nearing completion for ModVillage, an office complex made up of refurbished shipping containers. The first of 24 offices are due to arrive from Dalbeattie where they are being completely refurbished to bespoke specifications.


This promises to be an exciting year for Kingmoor Park. Guided by our new Masterplan, which covers the next 10 years, the management team will embark on a journey that will ultimately see it become one of the most successful Enterprise Zone’s in the country offering a wide range of office and industrial space and employing thousands of people.


for further details please visit www.kingmoorpark.co.uk


Kingmoor Park provides just one of several opportunities for businesses to locate in an area with exceptional clean growth, advanced manufacturing and logistics credentials, alongside an


outstanding


natural environment and a destination of choice to international visitors, including the world-renowned Lake District.


Cumbria’s appeal doesn’t end there. Currently, CLEP is investing over £60 million of funding from the Government’s Growth Deal programme in a range of projects designed to accelerate economic growth.


This includes the creation and protection of key employment sites, improvements to road, rail, port and airport facilities, investment in better ICT and broadband coverage, and provision of state-of-the-art training facilities for workforce development.


The aim is to create at least 4,000 new jobs, 1,700 learning opportunities, 3,000 new homes and


over 60,000 square


metres of new business space, as well as supplying 5,000 premises with superfast broadband by 2021.


For further information on Cumbria’s potential, please contact Jon Power, CLEP Internationalisation Manager, at jon.power@thecumbrialep.co.uk


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