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LDT submits planning application for 22-acre business park

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London and Devonshire Trust (LDT) has submitted an outline planning application for the 22-acre Plymouth Enterprise Park (PEP).

The application for the Park, on the site of the former Toshiba factory at Ernesettle, was drawn up following a public consultation exercise, and has now been lodged with Plymouth City Council.

Daniel Stephenson, Managing Director, LDT said:

We aim to regenerate this brownfield site and as a result hope to create much-needed jobs for Plymouth. We are confident that market conditions are right for us to invest in the city.

As many manufacturers are looking to bring operations back to the UK, Plymouth, with the benefit of its maritime port, is becoming increasingly appealing as a business location.

Plymouth Enterprise Park, only seconds from the A38 with its links to the rest of the region, and just one junction away from the port, is a prime location for businesses looking to expand or move to the UK.”

LDT has already attracted interest in the 166,000 square feet of mixed-use industrial and business space. Four acres immediately adjacent to the PEP site have already been let, with neighbouring bed manufacturer Vi-Spring and Ashburton-based Westcountry Storage Solutions having signed deals for car parking and open storage space.Additionally Fulcrum Power Generation Ltd (FPGL) is leasing an acre of land at the site for a 20-megawatt power generation unit.

LDT has successfully redeveloped several commercial sites across the South West including the Marsh Barton Industrial Estate in Exeter, the Tiverton Trade Centre, Mid Devon Business Park and at the Royal Portbury Docks in Bristol.