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15 December 2017

Plans revealed for a new Enterprise Village in Grantham providing opportunities for small businesses to build and own their own commercial properties

Grantham Enterprise Village

Illustrative layout of the proposed Grantham Enterprise Village.

Business owners in Lincolnshire will be interested to hear that planning consent has been approved by South Kesteven District Council for a new Enterprise Village to be created 1.5 miles to the south of Grantham town centre, alongside the new bypass road between the A1 Great North Road to the West and the B1174 Spittlegate Level to the East. 

Haywood Estates specialises in the development of business parks and has completed successful ventures in the Midlands, southern England and Wales. However their own research has proved that the scarcity of freehold commercial building land in various parts of the East Midlands, available at a size and budget that small businesses can afford, is stifling the growth of dynamic entrepreneurial businesses. If they do acquire a small individual parcel of land to build on, then the cost of developing the site, constructing an access road and commissioning mains services to be connected can be prohibitive.

Roy Haywood, Chief Executive of Haywood Estates said: “Our approach is different to most developers. We acquire the land and gain planning consent, then develop all of the infrastructure for the Enterprise Village. This includes creating estate access roads and installing all of the mains services – electricity, water, sewerage, land drainage, telecommunications, street lighting, landscaping of the general areas, pedestrian pathways and estate signage. We then offer individual freehold commercial building plots for sale within the Enterprise Village, which are suitable for construction of new factories, offices and workshops. This method of development reduces the costs for small businesses, provides a professional and attractive location and makes the whole process less daunting for them”.

Roy continued: “Business owners would much prefer to invest in their own land and property, rather than pay rent to a landlord over an extensive period, and be able to design a building that will better suit their current and future operational needs. Freehold building plots at the Enterprise Village are likely to cost from about £55,000 for a small plot up to about £190,000 for much larger plots”.

It is hoped to commence preparation of the site in early 2018, with the site ready for clients to commence their own construction projects in the summer of 2018.

Cllr Colin Davie, Executive Councillor- Economy & Place, Lincolnshire County Council, said: "We welcome the planned investment by Haywood Estates in new business units for Grantham. Their project is one which we have tracked with interest since we introduced them to Lincolnshire's investment opportunities some two years ago at MIPIM. We believe that their proposed construction of approximately 15 workspace units totalling 4400 sq.m. will have significant benefits for the county not least in that the units are expected to support up to 100 new jobs".

Roy Haywood continued: “Demand for industrial and mixed-use commercial premises is strong throughout the area and we know that many businesses owners have been frustrated by the lack of suitable freehold land available. A number of business people have told us that they have been searching for several years to find a suitable opportunity to grow their businesses”.

Anyone interested in discussing the freehold purchase opportunities at the Enterprise Village site and wishing to meet the developers is invited to contact Andrew Coupe at Haywood Estates on 07530 908703 / andrew@haywoodestates.co.uk.