Council to build industrial units at Torquay coach station
- Credit: TDA
Torbay Council is to build five new industrial units at Torquay coach station.
The council’s Cabinet agreed to commit £850,000 from its Economic Growth Fund to the scheme, which will replace the former CCTV building and cafe.
The project at the coach station in Lymington Road will include new public toilets and a new layout for coach arrivals.
The plan has already been allocated £2million funding from the Government’s Getting Building Fund.
It will tie in with other projects in the package of improvements under the £22million Town Deal regeneration package for Torquay, which includes improvements to Upton Park in Lymington Road.
Councillors heard the block of five small business studios and light industrial units would create an estimated 38 full-time equivalent jobs, support another eight indirectly, create around 30 construction jobs and generate around £2.5million for the local economy.
The payments on the council’s £850,000 borrowing will be met by income from letting the units, and councillors were told that research showed there was a good level of demand.
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The project is to be delivered by TDA, the council’s wholly owned economic development company.
A TDA study said the units were expected to be occupied by businesses such as printers, marketing, web design, and professional services.
Councillors welcome the scheme to support businesses and jobs, and said the coach station needed improving to provide a better arrival experience for travellers.
Swithin Long, Cabinet member for economic regeneration, said: “Torquay desperately needs more employment space to ensure that small and medium-size businesses can prosper in the Bay and expand.”
The council’s Cabinet voted unanimously in favour of providing the funding for the scheme.
Councillors heard a planning application was expected to be submitted around the end of the month or early February.