News: New R-evolution @ The AMP
Landowner and developer, Harworth Estates, has launched the next phase of development at the Advanced Manufacturing Park (AMP) in Rotherham as they expect the employment growth to go from 500 to 1,500 employees following Rolls-Royce's commitment to the site.
R-evolution @ the AMP will be a new, high quality development, providing a range of industrial units, sized from 10,000 sq ft to 50,000 sq ft on the Waverley site.
Plans were approved last year for earthworks that will allow further development of around 21.5 hectares (53 acres) of land. 5.23 hectares (12.94 acres) of this could provide around 200,000 sq ft of high quality, modern, flexible industrial units.
With demand expected to be high, Lambert Smith Hampton and Colliers International have been appointed as joint agents on the scheme.
Duncan Armstrong-Payne, development manager at Harworth Estates, said: "The next phase is targeted at the local, national and international manufacturing sector. We want to continue the success of the AMP brand by providing business space for local companies to expand and to attract national and international companies to work alongside the existing businesses on the park.
"We are working with a range of manufacturing companies to meet market demand from people who want to be at the "Mayfair address" for advanced manufacturing. There is a real buzz around the park at the moment and to see cranes across the Waverley skyline shows confidence in the site and the growth of the Sheffield City Region as a whole. The AMP is part of the wider Waverley development that is creating skilled jobs and new quality homes. With over 30 families now moved in on the site and many more to come together with continued expansion of the AMP, Waverley is fast becoming the most important regeneration site in the area."
Duncan also revealed that around 80 acres is available across the remainder of the park and that Harworth are already in discussions with businesses that are looking for much larger premises.
Chris Scholey, board member of the Sheffield City Region Local Enterprise Partnership, said: "This new R-evolution development will help us to build on the success of the Sheffield City Region Enterprise Zone - which in its first year attracted 15 new occupiers, created 228 new jobs and was picked out as the number 1 UK free zone by the Financial Times.
"It is understandable that international business leaders want to be able to join our growing Modern Manufacturing and Technology community as quickly as possible - and ready-to-use industrial premises make the transition easy for them.
"Industrial units on the Sheffield City Region Enterprise Zone are in extremely high demand. I'd recommend that Modern Manufacturing and Technology businesses move quickly if they want to be part of the Advanced Manufacturing Park, which is already home to world-class organisations including Boeing and Rolls-Royce."
Plots within the enterprise zone offer a business rate discount worth up to £275,000 per eligible business over a five year period.
Companies within the zone could also take advantage of enhanced capital allowances (instead of business rate discounts) in the form of up-front tax relief for major capital investments.
Earlier this year, Harworth Estates, the property division of Coalfield Resources plc, sold the fully-let, 87,500 sq ft Evolution development for £7.2m. Current construction work on the AMP includes the new Rolls-Royce advanced blade casting facility and the University of Sheffield's AMRC Training Centre and the Design & Prototyping Centre.
Simon Spode, marketing manager at the AMP, said: "The announcement of the R-evolution development is great news for the AMP. At a time when interest in the Park is at its highest ever level it is important that we're providing a wide variety of property options for the businesses that wish to benefit from being located at the centre of the UK's advanced manufacturing heartland.
"There's a real buzz around the Park, both with the new facilities under construction and the game-changing new technologies and products that are being developed here. Whether it's from the large research organisations or smaller SME firms, the spirit of innovation and collaboration in our businesses is great to see."
Along with the adjoining commercial developments and the AMP, the developers hope that Waverley will create around 7,000 new jobs.
Harworth Estates website
AMP website
Images: Harworth Estates
R-evolution @ the AMP will be a new, high quality development, providing a range of industrial units, sized from 10,000 sq ft to 50,000 sq ft on the Waverley site.
Plans were approved last year for earthworks that will allow further development of around 21.5 hectares (53 acres) of land. 5.23 hectares (12.94 acres) of this could provide around 200,000 sq ft of high quality, modern, flexible industrial units.
With demand expected to be high, Lambert Smith Hampton and Colliers International have been appointed as joint agents on the scheme.
Duncan Armstrong-Payne, development manager at Harworth Estates, said: "The next phase is targeted at the local, national and international manufacturing sector. We want to continue the success of the AMP brand by providing business space for local companies to expand and to attract national and international companies to work alongside the existing businesses on the park.
"We are working with a range of manufacturing companies to meet market demand from people who want to be at the "Mayfair address" for advanced manufacturing. There is a real buzz around the park at the moment and to see cranes across the Waverley skyline shows confidence in the site and the growth of the Sheffield City Region as a whole. The AMP is part of the wider Waverley development that is creating skilled jobs and new quality homes. With over 30 families now moved in on the site and many more to come together with continued expansion of the AMP, Waverley is fast becoming the most important regeneration site in the area."
Duncan also revealed that around 80 acres is available across the remainder of the park and that Harworth are already in discussions with businesses that are looking for much larger premises.
"It is understandable that international business leaders want to be able to join our growing Modern Manufacturing and Technology community as quickly as possible - and ready-to-use industrial premises make the transition easy for them.
"Industrial units on the Sheffield City Region Enterprise Zone are in extremely high demand. I'd recommend that Modern Manufacturing and Technology businesses move quickly if they want to be part of the Advanced Manufacturing Park, which is already home to world-class organisations including Boeing and Rolls-Royce."
Plots within the enterprise zone offer a business rate discount worth up to £275,000 per eligible business over a five year period.
Companies within the zone could also take advantage of enhanced capital allowances (instead of business rate discounts) in the form of up-front tax relief for major capital investments.
Earlier this year, Harworth Estates, the property division of Coalfield Resources plc, sold the fully-let, 87,500 sq ft Evolution development for £7.2m. Current construction work on the AMP includes the new Rolls-Royce advanced blade casting facility and the University of Sheffield's AMRC Training Centre and the Design & Prototyping Centre.
Simon Spode, marketing manager at the AMP, said: "The announcement of the R-evolution development is great news for the AMP. At a time when interest in the Park is at its highest ever level it is important that we're providing a wide variety of property options for the businesses that wish to benefit from being located at the centre of the UK's advanced manufacturing heartland.
"There's a real buzz around the Park, both with the new facilities under construction and the game-changing new technologies and products that are being developed here. Whether it's from the large research organisations or smaller SME firms, the spirit of innovation and collaboration in our businesses is great to see."
Along with the adjoining commercial developments and the AMP, the developers hope that Waverley will create around 7,000 new jobs.
Harworth Estates website
AMP website
Images: Harworth Estates
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