Business incubation centre to complete Tameside scheme
Development work has begun on a new business innovation centre that will complete a multi-million pound scheme in Ashton-under-Lyne, Tameside.
Groundworks began yesterday for the new Tameside College business innovation and incubation centre at the large-scale St Petersfield scheme. The mixed-use scheme is predominately office based (pictured), offering approximately 320,000 sq ft of flexible floor space.
The new 3-storey building, designed by leading architects Aedas, will offer 10,000 sq ft of floor space and will be used by Tameside College to support new and existing businesses in the area. Developers for the building are Ask Developments.
Phase one of the £42m St Petersfield scheme included 1 Henry Square, a 46,800 sq ft office building and a 42,000 sq ft building that was pre-sold to Tameside & Glossop PCT. Plans for the latest building were approved over 12 months ago and include permission for two office blocks containing 113 suites of 500 sq ft each. These units were to be sold off-plan to private investors but it appears that this scheme is not currently being progressed as the units will be made available to let.
John Hughes, Development Director at Ask, said: “The Knowledge Mill at St Petersfield will provide a vehicle for young businesses and new ideas to grow in to fully-fledged businesses, and will make Ashton a centre for innovation and entreneurs.”
The St Petersfield scheme has received £14m of public sector finance from sources including North West Regional Development Agency and English Partnerships. The new Tameside College building is expected to be completed by August, 2011.
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