Romney Marsh Employment Hub
This project will develop land at Mountfield Road Industrial Estate in New Romney. This includes the development of a business hub and supporting road network, with the aim of creating a more sustainable economic future for the area.
This project will help fund the development of the Mountfield Road Industrial Estate. This includes the development of a business hub of 751 square metres divided into 14 rooms of varying sizes, with offices built for businesses that will range in size from 2 to 10 employees. The planned flexibility of the space within the business hub will mean that it could also lend itself to providing space for skills training.
There is also land space for the building to be further extended by 427 square metres to provide either more business space or a more bespoke skills facility depending on demand.
Completing the development of the whole employment hub, including unlocking the remaining employment land through infrastructure investment, will enable up to 620 jobs to be created in the Romney Marsh area.
This scheme has a total budget of £7.08 million and will be funded through:
- Getting Building Fund provided by South East Local Enterprise Partnership (SELEP) (£3.536 million)
- Folkestone & Hythe District Council (£2.31 million)
- East Kent Spatial Delivery Development Company (£0.735 million)
- Nuclear Decommissioning Authority (£0.5 million)
This project will provide higher quality business accommodation and by unlocking employment land to diversify the local economy, will aid the creation of 335 new jobs.
This is a major opportunity to re-invigorate and diversify the economy of the Romney Marsh area and mitigate the loss of more than 1000 jobs arising from the closure of Dungeness A Nuclear Power Station and programmed closure of Dungeness B Power Station in 2028.
The objectives of this scheme are to:
- develop high quality business accommodation by unlocking 6 hectares of employment land for approximately 15,000 square metres of commercial floorspace
- develop a business/skills hub to meet demands of local growing enterprises
- create and safeguard 335 jobs locally.
The decision by the South East Local Enterprise Partnership Accountability Board to grant Getting Building Funding for the Romney Marsh Employment Hub scheme was made on 20 November 2020.
In June 2020, Local Enterprise Partnerships were invited to put forward projects for the Getting Building Fund. Specifically, Government were looking for shovel-ready capital projects which can be delivered within 18 months.
Nationally, the size of the Getting Building Fund pot totals £900 million.
The overarching objectives of the fund are to drive economic growth, create new jobs and support green recovery. This includes funding to enable:
- town and city centre modernisation through targeted infrastructure investments unleashing their longer-term economic potential
- investment in physical connectivity to improve the functioning of the local economy
- investment in innovation ecosystem including through improvements to research and development facilities driving up business productivity
- improvements to human capital
- improving digital connectivity, in order to support economic performance, particularly in more isolated areas.
SELEP has been successfully allocated £85 million Getting Building Fund. This funding must be spent by 31 March 2022.
The government Growth Deal provides money to the South East Local Enterprise Partnership, funding projects which drive Kent’s economic and business growth.