Boost for the local economy24 March 2011
The Government has today announced it will invest £100m in new Enterprise Zones throughout the country, one of which is the proposed redevelopment of the Boots site in Lenton, Nottingham.
Responding to today's announcement, Colin Walton, Chair of the D2N2 LEP (Local Enterprise Partnership), says: "This is a significant achievement and it can provide a unique opportunity for the recently formed LEP. The new Enterprise Zone could lead to the development of an edge of city multi-use employment site which could attract internationally significant businesses across a variety of sectors including science and technology, manufacturing, office and medical based sectors. A newly developed site could create between 5,000 and 10,000 new jobs locally and result in much needed economic growth in our area."
Part of the site currently houses Boots' head office, manufacturing and main logistics functions. Approximately 7,000 company employees work on site.
As Boots has improved business efficiency, it has made available up to 100 acres (40 hectares) of vacant land and several under used buildings for redevelopment.
Alex Gourlay, Chief Executive of the Health & Beauty Division, Alliance Boots says: "We're delighted with today's announcement. The site is ideally situated for redevelopment creating up to 200,000 square metres of commercial space for a wide variety of sectors. This site could drive growth boosting both the local and national economies. We have been developing proposals for the regeneration of this site for a number of years. This gives us an opportunity to forge ahead with our plans."
Jane Todd, Chief Executive of Nottingham City Council, says: "Nottingham is experiencing a surge in planning and development interest. A number of significant projects are underway or are well advanced. Today's news further demonstrates that Nottingham is a booming city which is attracting significant inward investment and growth."