Planning Granted for Next Phase at Wymeswold Business Park
03/10/2023
Wymeswold Business Quarter, a thriving industrial development adjoining the existing Wymeswold Industrial Estate, is set to expand with the recent granting of planning permission for its next phase.
Located in Prestwold, near Loughborough, Wymeswold Business Quarter, is a meticulously planned industrial development, that currently features 20 purpose-built new industrial units developed to the highest standards, with sizes ranging from 1,900 square feet to 12,000 square feet. The completion of phase two works will provide a further 21 units which will be available for lease or sale in early Q1 2024.
The development has already created 95 local employment opportunities and 80-100 more are expected.
The development sits on land within The Prestwold Estate, managed by Mather Jamie. Serving as the strategic land adviser, Mather Jamie played a pivotal role alongside The Prince Group who are the owner and developer, in conceiving the Wymeswold Business Quarter, facilitating planning permission, managing construction, and promoting units for sale or lease.
Hamish Byers, Associate Director, commented "When phase one was released all units were occupied almost immediately and underlines the success of the development. The demand for industrial units in a rural community is high and with careful planning, these projects can help local communities to thrive and alleviate the impact on the environment."
Geoff Prince, Managing Director of the Prince Group, expressed his gratitude, saying, "Yet again, the advice provided by Mather Jamie has helped secure planning on phase two of this development and assisted us to provide much sought-after quality commercial units for small businesses which will also create local employment."
The Prince Group and Prestwold Estate will be compensating for the loss in biodiversity arriving from the development by investing in 14 acres of environmentally enhanced land providing a significant biodiversity benefit. The estate is a major investor in the environment and is again pioneering initiatives in the Leicestershire area for the benefit of nature. To further reduce the development's environmental footprint, The Prince Group, has implemented several eco-friendly measures, including a green travel plan, a ride-to-work scheme, and free bus passes.