One of the most attractive areas in the UK currently for inward investment is the Sheffield/Nottingham corridor where you will find Markham Vale business park and the Markham Vale Enterprise Zone - 200 acres of prime business and distribution park strategically located in the heart of the UK’s motorway network.
The park has immediate access to the M1 motorway via a dedicated new junction, J29A, making it one of the UK's premier logistics location. The development offers a diverse range of industrial, warehouse and office accommodation ranging from 3,000 square feet units to over 750,000 square feet. Buildings are available on freehold or leasehold terms, to suit occupier requirements.
Within 20 minutes of Markham Vale there is a population of over 570,000, offering an abundance of readily available skilled labour. As well as having Sheffield and Nottingham on the door-step, the major centres of Mansfield, Chesterfield and Bolsover are in close proximity. Excellent public transport links support this large local workforce, whose range of skills reflect the area’s strong association with both industry and distribution. Labour rates and business operational costs are some of the most attractive within the United Kingdom.
There has been real progress at Markham Vale over the past six years with more than 732 jobs created on site so far and 700 more in the pipeline.
Key recent investments includes:
- National distribution and warehousing company Great Bear signing a deal to move on site in 2016 creating 400 new jobs;
- The building of new premises for gas, water and electric meter supplier Meter Provida, creating 40 jobs ;
- Packaging firm Inspirepac moving on-site with a view to creating up to 100 jobs as the company grows over the next two years;
- Around 50 jobs created at Gould Alloys which moved on site in June;
- Beginning of work to expand the site and turn the former Seymour Colliery site into prime economic land with the potential to create more than 2,000 more jobs in the area
Markham Vale schemes that have already been completed on the site include: a flagship Environment Centre (home to a range of firms from the environmental technology related sector): the speculative built Waterloo Court and bespoke buildings for companies such as Industrial Ancillaries Ltd, Andrew Page Limited and MSE Hiller Ltd.
From April 2012, Markham Vale has benefited from Enterprise Zone status. This scheme offers companies Enhanced Capital Allowances for major investments in plant and machinery of up to £100 million. That means that a trading company setting up at Markham Vale that invests in qualifying plant and machinery would be able to claim enhanced first year allowances at 100% for 5 years.
As part of the Enterprise Zone designation, the site will also benefit from a simplified planning approach, which in line with the current outline planning permission for the site, guarantees a swift planning decision making process.
If you want to find out more about Markham Vale it would be worth your while talking to our friends at Destination Chesterfield, www.chesterfield.co.uk/destination-chesterfield/ or at Sheffield City Region, scrinvest.com .