Industrial units takes shape on new Ipswich business park
PUBLISHED: 16:05 20 May 2020 | UPDATED: 07:27 21 May 2020
New warehouses and industrial units are under construction on the site of the old Crane heavy industrial factory in Ipswich.
The well-known Nacton engineering site has been redeveloped in phases, with the four-acre Cranes Business Centre consisting of a range of 19 units from 2,000sq ft to 51,000sq ft which are now being offered up on a freehold and leasehold basis.
The new industrial site is close to a John Lewis-Waitrose outlet which became one of the early flagship developments on the Futura Park scheme.
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Futura Park is one of the 10 sites across Norfolk and Suffolk that make up New Anglia Local Enterprise Partnership’s Space to Innovate Enterprise Zone, which aims to create 18,500 jobs over the next 25 years.
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Occupying units on the Enterprise Zones comes with a wide range of benefits to companies including a business rate discount of up to £275,000 over five years, simplified planning and access to superfast broadband.
Julian Munson, head of enterprise zones and innovation at New Anglia Local Enterprise Partnership, said: “This development offers top quality, flexible units and being within each easy reach of the A14 means it has superb connectivity.
“Industrial space in Suffolk is estimated to cost 33% less than the national average and Enterprise Zone status gives companies investing here tax breaks and other support.
“House prices and wages are also lower than those in many other parts of the country, so locating your business here makes great financial sense.”
The buildings are currently under construction and expected to be available later this year.
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