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Home News Latest News Solent gets multi-million pound investment
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Sun Sail
Solent gets multi-million pound investment
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Wednesday, 31 October 2012 00:00

OctNewsSolentAlmost 1,200 jobs will be created in south Hampshire when plans to invest more than £25m in The Solent Enterprise Zone at Daedalus are finalised.

The investment plans were revealed by Secretary of State for Communities and Local Government Eric Pickles, who visited Solent Enterprise Zone based company Marine Concepts to meet with partners involved in the delivery of the project. Marine Concepts are involved in the specialist construction of plugs and moulds for the marine industry.

It is anticipated that more than £15m will be used to unlock 21.6 acres of land for the development of new commercial space and up to 90 new homes. The proposed investment would also support the development of 25,000 sq ft of new advanced manufacturing business space beside the airfield.  It is estimated that the investment would create around 220 construction jobs and nearly 680 jobs when work is complete.

In addition, the Secretary of State also announced proposals to invest £3m from the Growing Places Fund in Fareham College’s proposals for a new advanced skills training centre on the site.