Gateway 14 Ltd, a wholly owned subsidiary of Mid Suffolk District Council, has purchased 100 acres of land to the East of Stowmarket, directly adjacent to junction 50 of the A14 trunk road.
Known as ‘Gateway 14’, the site is ideally situated to provide vital links to the Port of Felixstowe in the East, to the Midlands and the UK motorway network beyond.
With outline planning consent establishing the principle for employment development, there is the potential to accommodate over 1 million square feet of logistics, warehousing, advanced manufacturing and business space.
It is envisaged that the site will be developed over the next 10 years to deliver high quality sustainable buildings for local and national businesses.
This will also create a range of opportunities for local businesses to be involved in the construction, servicing and running of the Business Park, and will generate employment opportunities for Stowmarket and the surrounding area.
The site benefits from both an Enterprise Zone and a Food Enterprise Zone designation offering further benefits to businesses locating to this site.
The leader of Mid Suffolk District Council, Nick Gowrley, said: “The development of Gateway 14 is an exciting venture that will help Mid Suffolk’s economy to thrive whilst promoting opportunities to support new and existing local businesses.”
Chris Haworth, chair of the Board of Gateway 14 Ltd, added: “Gateway 14 Limited’s acquisition of this 100-acre site is a bold and entrepreneurial move by Mid Suffolk District Council. The Eastern A14 is gathering serious attention from major occupiers and investors because of the lack of supply in other established markets and the great value offered by sites in this region. This is an exciting time to be acquiring a site of this size and quality.”
GVA, a major National property consultancy, is the appointed agent for the site, supporting Gateway 14 Limited in the options for development, and discussions are already underway with potential occupiers for the site.
For further information on availability on the business park contact the managing director of Gateway 14 Limited Emily Atack on 01449 724 856 and/or email@example.com