Spec development scheme extended
MEPC has confirmed that a recently announced 138,000 sq ft speculative development scheme at its high-tech business estate Silverstone Park will be increased to 258,000 sq ft due to market demand.
The extra development will enable 13 industrial units, workshops and R&D facilities to be constructed – four more than the originally anticipated nine.
These units – six terraced; seven detached – will range from just over 6,000 sq ft to 40,000 sq ft in size.
Even with the increased development, the scheme is still scheduled for completion in summer 2020.
All 13 units will be in the Park’s Enterprise Zone which offers qualifying businesses five years of rates relief of up to £55,000 per annum.
