Funding for Oakdale Business Park
Oakdale Business Park benefits from its location within an assisted
area and has attracted high levels of grant assistance throughout
the land reclamation schemes and the development of this prime site.
Furthermore, eligible businesses locating to Oakdale Business Park
can also benefit from grant assistance.
- Land reclamation and landscaping
The on site reclamation works have been part - funded through the
European Union with the grant awarded to the WAG to part finance
the reclamation works.
The environmental improvements, including the planting and the
development of the Landscape Management Plan, have been funded through
the European Regional Development Fund and the WAG.
On-site infrastructure has been funded through the Welsh Capital
Challenge Scheme, with entrance roundabout providing direct access
to Plateaus 1 and 2. The spine road running through the length of
the site has also been funded through the Welsh Capital Challenge
Scheme.
Improvement works, funded through the Welsh Capital Challenge Scheme,
have been carried out to improve access to the business park from
Kendon Hill.
The first phase of development on Plateau 2, 60,000 sq. ft. of
industrial space, was financed through the Welsh Capital Challenge
Scheme and the European Regional Development Fund in a joint venture
agreement between the Council and the WAG.
The second phase of development by the Council and also the WAG has been financed through European Objective 1 funding and the
Local Regeneration Fund and provides 100,000 sq. ft. of quality
industrial space. Both the Council and WAG submitted complementary
bids for this European funding which has provided a property offer
that is unparalleled in the area.
The third phase of development by the Council, the mixed development portfolio, comprises 150,000 sq. ft. of quality business premises at 3 locations on Oakdale Business Park. The £9.4 million funding for this Strategic Development Portfolio comprises a European Union's Objective 1 grant of £3.5 million which is matched by the Welsh Assembly Government's Local Regeneration Fund of £5.9 million.
- Objective 1 Partnership Logo and link
The Welsh Capital Challenge Scheme has been superseded by the Local
Regeneration fund which is administered by WEFO.
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