09 January 2020
The final phase of a major utilities upgrade for businesses across Silverstone Park has reached completion.
Increased supplies of water, gas, electricity and foul drainage have been installed in a substantial new utilities trench spanning almost half a mile – from the southern tip of the site, along the Dadford Road and close to its junction with the A43 dual carriageway.
The works mean that all of Silverstone Park’s development land is now fully serviced and that new businesses will effectively be able to ‘plug in and go’ when locating to the estate.
This includes businesses considering new commercial properties currently being constructed as part of a 258,000 sq ft development within the Park’s Enterprise Zone which offers rates relief.
The utilities upgrade and new multi-utility trench – providing connections which will serve the 2.1m sq ft of planning consent – fulfils a long-term commitment by MEPC as part of its vision for Silverstone Park when it took over development of the estate in late 2013.
MEPC’s Roz Bird, Commercial Director at Silverstone Park: “To have these new utilities completed on time in spite of some challenging weather conditions is a real achievement.
“This allows us to really press on with the current 258,000 sq ft development in our Enterprise Zone – 13 new commercial properties that are in high demand and which will attract more exciting high tech businesses, plus job creation for the region.
“The potential rate of growth at Silverstone Park as we move into 2020 is set to be unprecedented with a great deal of interest from companies wanting to join the business community.
“I am therefore currently working on a new reserved matter application for a further 270,000 sq ft of commercial development.”