The authority is looking to borrow £3.344m to add to a £3.556m grant it has received from the Government and use the total to build industrial units at the Oceansgate site at Devonport.
A planning application has been submitted for a series of "innovation bams"-high spec large industrial units for use as workshops and prototyping along with project offices - which will create 49 jobs. More than 1,700sqm of space within the eight planned units will expand the existing Oceansgate complex, which is already home to 14 light industrial units and 12 offices.
The council, which had total borrowings of £565m in 2023, said the development will create skilled jobs and a place for Plymouth's marine businesses to innovate and collaborate.
The University of Plymouth, Plymouth Marine Laboratory and the SW Defence and Security Cluster, working with the freeport, will support product development and sea trials for companies based there.
This story is from the October 05, 2024 edition of The Herald.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 05, 2024 edition of The Herald.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
'SIGNIFICANT' RULES BREACH
FA REVEAL REASONS FOR 45,000 PITCH INVASION FINE
Rooney explains lack of action for Rami AI Hajj
WAYNE Rooney has given his reasons why Rami AI Hajj has not featured much for Plymouth Argyle lately as they have found points hard to come by in the Championship.
Gyabi: We are going to need the Green Army by our side for the rest of the season’
MIDFIELDER Darko Gyabi has spoken about the importance of the support of the Green Army to Plymouth Argyle's players ahead of the away game against Bristol City today.
FA Cup third round draw details
PLYMOUTH Argyle will find out their Emirates FA Cup third round opponents when the draw takes place on Monday, December 2.
Food banks should never be the norm
BUT FOR NOW, THEY REMAIN VITAL TO MILLIONS OF PEOPLE IN BRITAIN
MPs in historic vote for assisted dying Bill
ASSISTED dying could be legalised in England and Wales after a historic vote saw proposed legislation clear its first hurdle in Parliament.
Haigh resigned after further info emerged’ No.10
DOWNING Street declined to say whether the Prime Minister knew about Louise Haigh's criminal conviction and said that \"further information\" had come to light before her resignation.
Gregg Wallace facing more accusations
GREGG Wallace has been accused of making \"lesbian jokes\" and \"highly inappropriate\" comments in the latest of a string of complaints made against the TV presenter by people who claim to have worked with him.
World gets first look at restored Notre-Dame
THE restored interior of Notre Dame Cathedral has been unveiled for the first time after more than five years of reconstruction work.
David takes a rest after 37 years of shear effort
A GARDENER is hanging up his shears after almost 40 years helping to tend a beautiful ten-acre garden on the edge of Dartmoor. David Milburn has spent 37 years at The Garden House near Yelverton.
