Overview:
SVEZ will create an exemplar, net zero green business park for new business and employment and will contribute to the development of a diverse, creative and sustainable local business base. The Enterprise Zone will provide a sustainable green business park location to grow our green economy (examples being renewables, battery technology, hydrogen, carbon reduction, green tech, carbon sequestration, green finance), providing businesses an environment to maximise their contribution to tackling the climate emergency.
Details:
A comprehensive Masterplan has been devised for the Somer Valley, outlining a scheme that encompasses approximately 500,000 square feet of new industrial units intended to cater to the needs of the local community.
Highway infrastructure improvements are scheduled for late 2025 or early 2026, paving the way for the commencement of on-site development as early as 2027.
Plot Details:
- Plot 1: Pub (Sui Generis), Office / Research and Development, Industrial Processes (e.g.), or Industrial / Warehousing (B2/B8) - 6,997 square feet
- Plot 2: Hotel (C1), Office / Research and Development, Industrial Processes (e.g.), or Industrial / Warehousing (B2/B8) - 80 rooms, 24,025 square feet
- Plot 3: Office / Research and Development, Industrial Processes (e.g.), or Industrial / Warehousing (B2/B8) - Includes trade counter as part of B8, 14,484 square feet
- Plot 4: Food and Beverage Retail (E b - on-premises consumption or Sui Generis - off-premises consumption) - 3,014 square feet
- Plot 5: Office / Research and Development (e.g.) - 61,983 square feet
- Plot 6: Office / Research and Development, Industrial Processes (e.g.) - 11,083 square feet
- Plot 7: Industrial (B2) or Industrial Processes (e.g.) - 31,000 square feet
- Plot 8: Office / Research and Development, Industrial Processes (e.g.) - 17,360 square feet
- Plot 9: Industrial (B2) or Industrial Processes (e.g.) - 36,274 square feet
- Plot 10: Storage and Distribution (B8) - 60,847 square feet
- Plot 11: Industrial (B2) or Industrial Processes (e.g.) - 78,044 square feet
- Plot 12: Depot (Sui Generis) or Industrial (B2) - 7,750 square feet
This development marks a significant opportunity for economic growth and community enhancement within the Somer Valley area.