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It has been agreed that £2.5 million funding will be used to create almost 500 new jobs in the Ely area.
The Lancaster Way Business Park in Ely is made up of companies such as Grovemere property ltd and James Graven and sons ltd who will be using the funds in different ways.
The Grovemere property company will be building 9 new units for start up and small businesses on the Lancaster Way Business Park. From this property company they are hoping to be able to create approximately 30-50 new jobs. The Marketing and Development Director, Harvey Bibby, was very pleased to have secured the funding from the LEP and said that it will enable them to build upon their small business unit scheme at the Lancaster Way Business Park.
He said that this funding means they can trial the much needed start up business premises for people in the local area. With this funding they can commence straight away with completion now intended for 2015 with the creation of approximately 50 jobs.
The company, James Graven and sons ltd who are the company behind the Littleport echo business park. They will be using part of the funding to develop a new office building which in total could create 395 new jobs.
The Director of James Graven and Sons Ltd, Jonathan James was thrilled having secured the funding from the LEP. He said that it will greatly support their business and means that they can now develop the new Eco friendly office buildings next to the A10. Having this funding means they can commence earlier as soon as this summer and will potentially create 395 new jobs for the area.
Both sites for development are situated off the A10 Bypass and the funding has come from the Growing Places a Fund which was originally allocated to LEP in 2011. Since then it has been supporting a huge range of projects across the area to support new jobs and the economic growth.
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