11/09/2019 - Permalink

Shropshire Council reiterates commitment to Tern Valley Business Park development

Related topics: Business and economic growth / My area

Shropshire Council has assured business owners at Tern Valley Business Park in Market Drayton that it remains fully committed to the business park’s expansion and development.

The council is now exploring its options for delivery of the remaining phases of the Park after the agreement with the previous developer Redstart ended in June 2019.

Immediate actions include new signage at the front of the park listing occupiers and removal of out-dated signs. New hedges will be planted and existing hedges cut back at the front of the park later in the year.

The front cover of a Tern Valley Business Park promotional brochure

The front cover of a Tern Valley Business Park promotional brochure

Steve Charmley, Shropshire Council’s deputy leader and Cabinet member for economic growth, said:

“There are exciting times ahead for the businesses on Tern Valley Business Park as we consider our options for the future development of the Park.

“After careful consideration we feel that the time is right for a more ambitious approach and we have decided to up the pace, accelerate development and deliver the much-needed business space in Market Drayton.”

Meanwhile, the Marches Growth Hub Shropshire and members of the Shropshire Council’s business growth and investment team visited Tern Valley Business Park last month (14 August 2019) as part of their ‘Let’s do Business in Market Drayton’ support programme.

On the day, fourteen businesses had the opportunity to find out about funding opportunities and general business support, and it was a chance to discuss current and future challenges and opportunities at Tern Valley. This included a number of businesses who have benefitted from the Market Drayton Grant Scheme.

During the last four months the Grant Scheme, which is funded by Shropshire Council and administered by the Growth Hub, has approved more than £338,000 of grant funding to four local businesses. This will generate 25 jobs over the next two years and has also safeguarded 91 jobs, with one business relocating from Wrexham.

For more information about the Market Drayton Grant Scheme, click here.