The redevelopment of the derelict building on Skylon Park, at Rotherwas, will create more than 2,000 sq metres of employment space, with room for new and growing businesses to set up and expand alongside facilities for development and innovation, presently earmarked for the new NMITE University.
The Marches LEP is providing a £2.498m interest free loan for the work with £2m being contributed by the ERDF and Herefordshire Council is investing the balance.
Historic building brought back to life
Over 2000sqm of space
High quality start up suites
High quality commercial space
The project will see a high quality commercial space created within the existing building footprint, retaining much of the original factory including its steel roof structure, transforming the historic building into a flagship business incubation and innovation centre.
It is being funded by the European Regional Development Fund (ERDF), Herefordshire Council and a loan from the Marches LEP’s Marches Investment Fund. It will stimulate economic growth through the generation of around 128 new jobs by 2023 rising to more than 450 by 2031.
Room to grow
The Shell Store will provide over 2000sqm of employment space for up to 25 dynamic and innovative businesses, with room for new and growing businesses to set up and expand alongside facilities for development and innovation.