The construction of 10 new business units, to support of the Island’s growing low carbon energy sector, will begin later this month.
The County Council has secured nearly £4m in funding for the new development on Holyhead’s Penrhos Industrial Estate.
Wynne Construction has been appointed to redevelop a former heliport into business units.
The development will provide 30,000 sq ft of office, light industrial and storage space to enable business growth and support the low carbon energy sector
Anglesey’s Economic Development officers successfully applied for £2.3m from the European Regional Development Fund (ERDF) through the Welsh Government and, in a first for Anglesey, agreed an innovative joint venture – worth £1.6m – with the Welsh Government.
The project is part of wider plans to develop Anglesey’s Enterprise Zone and Energy Island Programme. Construction will be complete and the units ready for businesses in summer 2020.
The units will complement other EU backed business premises on the Island, including the new businesses developments on the Bryn Cefni Business Park in Llangefni and the Menai Science Park, in Gaerwen.
Anglesey County Council economic development and major projects portfolio holder Cllr Carwyn Jones said:
“There are currently a significant number of major private sector low carbon energy projects under development on Anglesey, including the exciting Morlais tidal energy scheme.
“We are also confident of seeing the Wylfa Newydd project revived as part of the UK Government’s commitment to developing a rich energy mix and achieving net zero emissions by 2050.
“We are working to ensure that the necessary infrastructure is in place to ensure the Island benefits from these business opportunities.”
Economy Minister Ken Skates said:
“I am delighted work is set to start on this development, which will help ensure Holyhead has the infrastructure in place to enable dynamic businesses to flourish in the low-carbon sector.
“The joint venture we have agreed further demonstrates our support both to this hugely important sector and to a region that is quickly becoming genuinely world-leading as a centre of excellence for low carbon energy.
“It will also contribute toward creating the type of inclusive and sustainable prosperity in North Wales that we are working hard to drive through our Economic Action Plan.”
Wynne Construction Commercial Manager Simon Moreton added:
“We are due to start work later this month. These ten new units will be a welcome addition to the existing retail and business provision at Penrhos. It’s good to be working on another commercial scheme for Anglesey Council, which complements previous commercial and school projects we’ve completed on the island in recent years. In addition, it provides economic opportunity for our local supply chain.”