Developers are making multi-million pound investments in new state-of-the-art buildings at Bristol Temple Quarter Enterprise Zone because of the growing confidence in the economy and increased level of stability, Communities Secretary Eric Pickles announced at his visit on the 15th January.
These are part of a record number of developments across Enterprise Zones and are playing a vital role in boosting the economy. They will deliver world-class infrastructure that will create more jobs in the zone and provide knock-on benefits for people living nearby – from new services and infrastructure through to new business opportunities.
The Enterprise Zone has become a real magnet for investment since it opened with developers so confident that they will let new buildings that they start work before having tenants lined up to move in.
This includes the new £40 million 2 Glasswharf office development where work was officially marked complete by the Communities Secretary during a tour today. The iconic building, which will deliver 100,000 square feet of office space and create up to 1,000 jobs, is getting ready to welcome its first tenant, global accountancy giants PricewaterhouseCooper.
The private-sector investment has proved so successful that developer Salmon Harvester is pushing ahead with another speculative build, the £50 million 3 Glasswharf, that will deliver a further 110,000 square feet of floor space and create up to 1,000 jobs by 2017.
Work is also due to start on the nearby Paintworks III and IV expansions. The £55 million development will deliver 125,000 square feet of space for creative and digital businesses, creating up to 450 hi-tech jobs.
Communities Secretary Eric Pickles said:
“Enterprise Zones are a great place to do business. That’s why these developers are channelling millions of pounds into these investments. It proves that our long-term economic plan is on track, helping deliver the kind of world-class infrastructure that attracts top companies. And that’s great news for the economy and communities because it’s these kinds of businesses that will create jobs for hard-working people.”
Communities Minister Stephen Williams said:
“As an MP for Bristol I’ve seen first hand the massive transformation that has gone on at the Enterprise Zone. It really has helped boost confidence in the local economy and that is why we are seeing a fantastic new building like 2 Glasswharf as part of our skyline. I know other developers are taking note and I expect even greater success in the future. It really does show that Bristol is a great place to live and work.”