A £500,000 expansion to Presteigne’s Broadaxe Business Park has been completed by the Welsh Government.
Two plots have already been sold, subject to contract, to a local business wishing to expand – and discussions are taking place with other local businesses and individuals looking to build their own premises.
The expansion followed enquiries from a number of companies, including businesses based in Presteigne, that wanted to expand.
Economy Secretary Ken Skates said:
“This investment is the latest in a number of proactive interventions taken by the Welsh Government to support businesses based in areas of rural Wales that wish to expand.
“As a Government we are committed to supporting business growth which in many parts of Wales means we have to step in and invest in premises and infrastructure when the private sector is not delivering.
“I want to ensure that the benefits of economic growth are shared across Wales and the expansion of Broadaxe Business Park supports this strategy as we know the availability of sites and premises is fundamental in attracting new investment, retaining existing investment and creating jobs.”
He added that last week he officially opened a new £1.8m facility the Welsh Government had built to enable Zip-Clip to expand its operations in Welshpool and ground works are also underway by the Welsh Government that will pave the way for Charlies Stores to build a new headquarters and ecommerce fulfilment centre on Offa’s Dyke Business Park in Welshpool.
The Broadaxe project was carried out by Jones Brothers (Henllan) Limited. It involved the construction of a new road and the installation of associated services which have opened the 4 acre site and created six serviced development plots for businesses.
Gareth Jones, Director, Jones Bros (Henllan) Ltd said:
“As a long established Welsh business, we are naturally delighted to have been involved in bringing this prestigious development site to fruition by constructing the access road and the installation of associated services and infrastructure.
“We have had recent involvement in a number of business park projects in Carmarthenshire (Cross Hands Food Park and Trostre Retail park), as well as other parts of Wales and hope that this investment will help deliver the same economic and employment opportunities that the other have delivered."