Major projects supporting businesses in Plymouth
When considering the UK’s thriving areas for business and commercial property, it is usually mega cities of London and Birmingham that come to mind. However, with plenty of investment opportunities on the south coast, Britain’s Ocean City, Plymouth, is staking its claim as one the UK’s most investable locations.
There are many reasons to invest in Plymouth including projects to further Plymouth’s status as a world leading location for marine science, the building of a revitalised cultural attraction set to attract 250,000-300,000 people a year and the £50m redevelopment of the former Derry’s department store into a 300,000 sq ft mixed-use scheme.
Contractors have now been put on site as part of a £3.5m project to renovate the grade II-listed Plymouth City Market. The work will include new flooring within the main hall, changes to all entrances, window replacement and full internal decoration.
Councillor Ian Bowyer, leader of Plymouth City Council, said: “This market is home to many small businesses and supports more than 200 jobs. It is hugely popular with local people and is the anchor for our West End. It’s a very distinctive listed building that was in need of attention.
“While one major project starts, we’re also seeing the end of a £4.85m scheme to build a new coach station, again in the West End of Plymouth. These are big projects that support jobs and are making a difference to how people feel as they visit our city. These are exciting times for Plymouth.”
Projects in Plymouth continue to attract investors and tourists. With plenty of new developments over the recent years, enthusiasm for investment in Plymouth is high and the area is becoming one of the UK’s best business spots.
