HomeBussiness£150m plan for huge new NI business park given green light

£150m plan for huge new NI business park given green light

Date:

Related stories

Guinness raids its Irish reserves to ease UK shortages amid gen Z demand

Guinness is raiding its reserves in Ireland to boost...

UK banks’ trust account exodus cuts lifeline for disabled people, says charity

People with disabilities are facing potential hardship because banks...

Tottenham vs Liverpool live updates: Premier League predictions, team news and latest score

Capacity: 62,850First used: 2019London’s biggest club stadium was built...

The four English counties named among the best places in the world to visit

Colchester Castle (Image: Getty)An area which boasts a unique...
spot_imgspot_img

Antrim and Newtownabbey Borough Council said the project by Errigal Group is one of the largest industrial developments in Northern Ireland’s history.

Located next to the Junction Retail and Leisure Park, the investment by market-leading construction group Errigal Group encompasses 945,000 sqft of new build floor space and the refurbishment of 835,000 sqft of existing space.

The project includes three new storage and distribution warehouses, five new light industrial units, two new retail showrooms, new research and design offices, and the refurbishment and alterations to four existing storage and distribution units.

Once operational, the development is projected to generate 690 new jobs, with an additional 200 construction jobs created over a six-year period.

The total number of potential full-time and part-time employees once the development is operational is estimated to be around 1,145.

The council said “the economic impact of this development is immense”.

“It is estimated that the total annual wages injected into the local economy will be approximately £46 million, representing a considerable financial boost for Antrim Town and the wider area,” it said.

“The proposal underscores a significant capital investment of £150m from the private sector, highlighting the confidence and commitment of investors in the Borough’s potential.”

Antrim and Newtownabbey Mayor Neil Kelly said: “This landmark development represents a major step forward for Antrim Town, it will transform the landscape of the area, restoring the original Enkalon site.

“The £150m investment will drive economic growth, create jobs, and enhance community development. The positive impact on our local economy and the opportunities it will bring to our residents are truly exciting.”

Chairperson of the Planning Committee, Councillor Jeannie Archibald-Brown added,

“The approval of this project at Enkalon Business Park is a pivotal milestone for Antrim Town. It underscores the Council’s commitment to supporting developments that boost economic growth and improve residents’ quality of life. We eagerly anticipate the long-term benefits this project will bring to our community.”

Major investments like this bolster the Council’s ambition to supporting a vibrant and prosperous economy and attracting investment across Antrim and Newtownabbey.

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img