Kier has secured a construction contract for the second phase of the Oceansgate marine industry hub in Plymouth.
Phase two will see the creation of a new three storey office building and a further 15 light industrial units, which has the potential to create an additional 130 jobs. The buildings have been designed to be flexible, allowing for a range of sizes of industrial and office space, depending on businesses’ needs.
“Oceansgate is a fantastic development and one we’re really proud of," explained Plymouth City Council’s Councillor Tudor Evans. "It’s bringing more jobs and more investment to Plymouth and cementing our status as a leading location for marine industry in the UK.
“It’s a unique offering for businesses, with such close proximity to Princess Yachts, the Dockyard and Babcock, as well as to the in-and on-water testing opportunities offered out by Smart Sound Plymouth, a new proving ground for developing cutting edge technologies.”
The development’s first phase, which transformed disused MOD land in South Yard, Devonport, was completed in April 2018 and is now a base for eight businesses. These include the new Marine Business Technology Centre, as well as Lang & Potter Marine, international marine consultants MECAL and the Maritime and Coastguard Agency.
Like Phase 1, the plans for Phase 2 include the use of natural building materials such as stone to ensure the development fits within its historic surroundings at South Yard.
The contract for constructing Phase 2 is worth £7.6m. This second phase of Oceansgate has been funded by a £2.25m grant from the European Regional Development Fund and a Plymouth City Council loan.