News in Brief: March 2022
A £23.6M investment by the Tees Valley Mayor and Combined Authority that will kick-start development of 270 acres of land at Teesside International Airport and unlock £200M in private sector investment has been given the green light. The funding will be used to develop critical infrastructure, including connecting the site to the main utilities and provide access to the south side of the airport from the A67.
What has been described as the vision for once-in-a-generation transformation of Earlestown and St Helens town centres is closer to becoming reality as councillors have signed off on the Masterplan Development Frameworks. St Helens Borough Council and its partner, regeneration experts The English Cities Fund (ECF), launched draft Masterplan Development Frameworks for the regeneration of the two town centres in November last year.
Peel NRE has announced proposals for a science innovation and research centre, sustainable energy park and medicinal cannabis facility at Braddan, Isle of Man. The proposals which follow a recent change in the legislation for cannabis production and exportation on the Isle of Man would bring inward investment to the Island and create a once-in-a-generation opportunity for the Island to become a leader in the emerging medicinal cannabis sector.
British Steel has donated structural steel sections to Cleveland Ironstone Mining Museum’s £23M remodelling project. Located at Skinningrove, the museum will have a new three-storey extension, which will link old buildings and allow the space to be more accessible.
Knight Property Group has appointed Fife-based Muir Construction as the main contractor on the first two phases of its speculative development at Belgrave Logistics Park, in Bellshill, North Lanarkshire. Planning consent was recently granted and works have commenced at the brand new £50M development on the 14-acre site of the former Devro manufacturing facility.