Economic boost for Exmouth as work begins at Liverton 2
Work has begun this week on a multi-million pound extension to Liverton Business Park in Exmouth which is being seen as a significant economic boost to the town and the wider East Devon area.
A turf-cutting ceremony on Tuesday September 13th marked the official start of the £2million infrastructure works which will create serviced plots capable of accommodating units from 1200 sq ft (100 sq m) to 30,000 sq ft (3000 sq m).
Following the groundworks this winter, there will be a further £12million investment by landowner Clinton Devon Estates in building works to fully establish Liverton 2 for businesses in the light industry, storage and distribution sector. Its creation is being seen as a major step forward in the regeneration of Exmouth Town Centre, which is reliant on a number of large businesses being able to relocate.
Exmouth Mayor Sandy Sutton who performed the turf-cutting alongside Lord Clinton from Clinton Devon Estates said: "Exmouth has a superb Victorian and Georgian sea front but much of the town has grown like topsy over the years. Some parts people like and other parts they don't like. We sincerely hope that this development at Liverton 2 will help us develop Exmouth in the way we would like to see it go forward."
John Varley, Estates Director for Clinton Devon Estates told an invited audience of Exmouth Town and East Devon District Councillors that Liverton 2 marked a major local investment by the landowner. He said: "Clinton Devon Estates' history in this area goes back many hundreds of years and we intend to be here for many generations to come which is why we have decided to invest a significant amount of money within this area, rather than outside it."
Mr Varley continued: "By creating vital employment space here at Liverton 2, we are doing our part to help Exmouth and the wider East Devon realise their vision for a vibrant future."
The five hectare Liverton 2 site is adjacent to the existing Liverton Business Park which is now home to a range of big retail names including B&Q, McDonald's, Halfords and Pets at Home, alongside Thompson Reuters and a wide range of smaller local businesses.
Work on the original business park began 20 years ago and was developed steadily through two recessions.
John Varley explained why the Estates have once again decided to press ahead with Liverton 2 despite the current economic climate: "We are unlikely to see a return on our investment for 20 years, but this is all about a long term strategy and building a better future for the people of East Devon."
Mr Varley also revealed that discussions have already begun on proposals for a further extension to the site - Liverton 3. He said: "The site has already been identified and we are beginning to talk to local people and businesses about the opportunities that Liverton 3 presents to enhance the economic and employment prospects for Exmouth and East Devon."
Groundworks at Liverton 2 are being carried out by VINCI construction who are employing 20 local contractors on the project.
Each unit at Liverton 2 will be offered on a full repairing and insuring lease. The park will be fully landscaped to include a cycle route and footpath links to the local community.
Full details of the site layout, location and approximate unit sizes can be found in the site brochure, available from Harrison-Lavers and Potburys or online at www.livertonbusinesspark.com http://www.livertonbusinesspark.com/
Interested tenants should contact Malcolm Williams on 01395 516633 or by emailing [email protected]