Hayle is already home to Wave Hub Ltd, which operates the world’s largest marine energy test site 10 miles from the North Cornwall coast, as well as three marine energy demonstration zones.
The new business park is designed to accommodate companies in the growing marine energy sector and is being built on the site of a formal coal-fired power station at North Quay in Hayle, now owned by Cornwall Council.
It will offer 2,500 sq metres of managed workspace including 900 m2 of modern office accommodation over two floors with Superfast fibre optic broadband and seven light industrial units varying in size from 200 to 250 m2. It is expected to open in summer 2015 and create 120 jobs.
Representatives from Cornwall Council, the Cornwall and Isles of Scilly Local Enterprise Partnership (LEP), marine energy industry and Midas Construction have officially marked the start of work on site.
This new business park will cement Cornwall’s position at the forefront of the development of marine energy, and as the local councillor I am proud to see Hayle – which is already home to Wave Hub – playing such an important part in this fast-growing industry.
The marine renewables market has huge potential and the business park further enhances our unique offer to this growing global industry, thanks to ERDF investment. The sector is a priority for the LEP because of its ability to create high value jobs and is something we are committed to further developing through the next European programme in Cornwall and the Isles of Scilly.
Cornwall is the natural home to marine renewables and the development of this site will help further strengthen our ability to deliver cutting edge technology in the sector. The Marine Renewables Park will further secure Hayle’s place in Cornwall’s development of marine energy and most importantly provide employment.
The Cornwall division of the Midas Group, one of the largest independent construction companies in the UK, has been awarded the contract to build the business park through Cornwall Council’s contractor framework, which enables the firm to tender for capital projects.
Jobs will be created locally throughout the 40-week build, as well as apprenticeships and training placements for those interested in careers in the construction industry, with up to 60 people expected to be working on site.
We are delighted to be Cornwall Council’s chosen developer for this cutting edge new business park. It is fantastic news for Cornwall that a local construction firm is delivering the work as it enables us to provide apprenticeship schemes, create jobs in the local area through our sub-contractors, and to offer vital local training opportunities to help people to explore career opportunities in the construction industry.
The Hayle Marine Renewables Business Park (MRBP) and Wave Hub are vital elements of the Offshore Renewables Development Programme, a wider programme of work that aims to enable and accelerate the commercial realisation of offshore renewable energy within Cornwall, the Isles of Scilly and Plymouth from initial concept, through development and testing to launching the product in the marketplace.
This business park is something the industry and our customers have has told us they need so we expect it to be a real catalyst for the further development of marine renewable energy in the region.
Hayle MRBP is being developed as part of a collaborate package of investment in Hayle Harbour and North Quay, with £11.6million of funding from the ERDF, an £8million investment by Cornwall Council, and £4.25million from the Department for Business Innovation and Skills (BIS) and the Department for Energy and Climate Change (DECC), and the project is being managed by the Cornwall Development Company, the economic development company of Cornwall Council.