Development plans for 16.5-acre Stevenage site could create 1,000 jobs
- Credit: Wrenbridge and Bridges Fund Management
Up to 1,000 jobs will be created in Stevenage if a planning application to develop a 16.5-acre site is approved.
Developers Wrenbridge and investors Bridges Fund Management have acquired a site on North Road allocated for employment use, with a view to developing 200,000 sq ft of logistics and industrial space.
A planning application is likely to be submitted in April and, if approved, the scheme will create up to 1,000 jobs.
Wrenbridge chief executive, Ben Coles, said: “This is a key employment site in Stevenage and we look forward to working with the council and other key stakeholders to bring forward a scheme that can make a significant contribution to the local economy through job creation."
Henry Pepper, investment director at Bridges, added: “This important site can play a key role in meeting rising demand for high-quality industrial and logistics space, while supporting local economy growth."