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A £2.63m repayable grant has been made to support Castledown Business Centre which is the first investment through Swindon and Wiltshire Local Enterprise Partnership’s (LEP) Growing Places Infrastructure Fund.
The funding has been awarded to Wiltshire Council for the second phase of the development at Castledown Business Park following phase one, Fitz Gilbert Court, and the recent creation of business incubation space at the Ludgershall development.
The £9.3m fund was launched last March.
Paul Johnson, chairman of the Swindon and Wiltshire LEP, said: “We’re absolutely delighted to make this announcement regarding the Growing Places Infrastructure Fund. The project at Castledown Business Centre has demonstrated an ability to drive growth in Swindon and Wiltshire and we’re confident the funding will prove to be a valuable long term investment.”
Fleur de Rhe-Philipe, Wiltshire Council’s cabinet member for regeneration, added: “Castledown Business Centre focuses on supporting the local economy by helping people who wish to start up a new business, and companies which want to expand.
“Its links with Wellington Academy and the MoD means young people and former service personnel are helped to nurture and develop their skills and enthusiasm. Phase two will see this site expand, underlining our commitment to bringing more jobs to the area and boosting the local economy.”
Overall, the 33 acre development at Castledown Business Park has planning consent for about 420,000 sq ft of office, distribution and industrial space.