A £17.731m project, which includes £5.711m of Local Growth Funds, Oswestry Innovation Park is a key infrastructure project which will unlock a key growth corridor through the delivery of infrastructure to support housing and employment growth and enable businesses to grow. It will deliver economic and social benefits to Oswestry and its wider hinterland.
The investment will support enabling infrastructure works to bring forward 1.87 hectares of serviced employment land at the Mile End site with 830m of new road to connect it with the strategic road network.
The funding will support the future development of over 600 new homes and the creation of over 100 jobs over the lifetime of the project.
Oswestry Innovation Park is a key infrastructure project which will unlock a key growth corridor through the delivery of infrastructure to support housing and employment growth and enable businesses to grow.
£5.711m Growth Deal 3 investment
1.87 hectares of employment land brought forward with links to the strategic road network
Development of 655 new homes and creation of 128 new jobs
The Marches Local Enterprise Partnership has now ceased trading and transferred all its functions to Shropshire Council working with Telford & Wrekin Council and Herefordshire Council, in line with the UK Government's plans for devolution.
The Marches LEP was established in 2011 and hands over an impressive legacy from its 13-year life. In that time the LEP invested over £196m in projects across the Marches, securing in excess of £100m of match funding and supported more than 66,000 business interactions.
The schemes supported have made tangible differences to local communities, increasing skills, creating jobs and improving the physical appearance of many towns.
We would like to thank all the LEP Board Members who have given their time freely over the life of the LEP, as well as all the staff who worked for the LEP over the years. We also want to thank our delivery partners, local education providers and local, regional and national stakeholders who helped us achieve so much.
The Marches Growth Hub will continue to support businesses and will be managed by Shropshire Council, supported by Telford and Wrekin and Herefordshire Councils. Each of the three Local Authorities will also continue to provide direct business support locally. Details of this support will be available through the Marches Growth Hub website and from the Local Authorities directly. Website: www.marchesgrowthhub.co.uk | email: enquiries@marchesgrowthhub.co.uk.
The Marches Careers Hub will continue to be delivered and will be managed by Shropshire Council, supported by Telford & Wrekin and Herefordshire Councils. Website: www.marchescareershub.co.uk | email: info@marchescareershub.co.uk
For any queries about Getting Building Fund (GBF), Local Growth Fund (LGF) and Marches Investment Fund (MIF) projects supported by the Marches LEP please contact: gary.spence@shropshire.gov.uk
For any finance queries please contact: michelle.hodgkiss@shropshire.gov.uk
The solvent liquidation of the Marches LEP is being managed by the Evelyn Partners Limited. For any matter related to this please contact: Camilla.Mulholland@evelyn.com