Investment secured for Braintree Innovation Park
On behalf of Braintree District Council, CPC have secured a £14.7m investment for a new business Enterprise Centre on the Council’s ‘Horizon 120’ Business and Innovation Park.
CPC has brought together a multi-disciplinary project team, constructed the business case, and developed the budget and programme in order to secure the necessary funding from the Council. This has included a successful application for £7m from the South East Local Enterprise Partnership, via the UK Government’s Getting Building Fund.
The three-storey, state-of-the-art development will house a variety of facilities for the business community. The aim of the Centre is to enable small businesses and starts-ups to develop and grow and to provide community space for those living and working in the local area.
CPC has also pulled together the procurement strategy and tender documents to enable building work to start on site in early 2021.
Cllr Tom Cunningham, Deputy Leader and Cabinet Member for Economic Development and Infrastructure at Braintree District Council, said: “This is an exciting and innovative project which will not only encourage business growth, but also beyond that provide long term business support to enable that growth. This investment will lead to a wider residual benefit which will benefit the local area for many years to come.”
Mark Cleverly, CPC Partner and Head of Property & Construction said “We’re delighted that we have been able to support Braintree District Council in securing the necessary funding for its new Enterprise Centre. We remain committed to driving this project forward as building work starts on site in the coming weeks”