Plans for a low-carbon business park have been unveiled by Nottingham City Council. It is hoped the site will boost the city’s economy by creating jobs and attracting inward investment. The “energy park”, which is to be located on Blenheim Lane in Bulwell, hopes to supply competitively priced power and heat to co-located business units.
The council is proposing to take a phased approach to the project development “in order to minimise cost and risk”. Following the event the Council will review the feedback, and issue a Prior Information Notice (PIN), providing further details about the project, and inviting interested parties to explain how they can support and contribute to the project in a formal Expression of Interest (EOI).
The Council is keen to work with partners to explore innovative technologies that generate renewable energy which could not only supply a co-located business park but can also benefit the existing Blenheim Lane industrial estate and any other nearby development opportunities that arise in the future. The Council believes that a new business park in Bulwell would support the growth or relocation of existing businesses and also attract new companies into the city, particularly those in the expanding ‘green tech’ sector.
A decision on the best means of progressing the project will be taken following a full evaluation of the expressions of interest and other market analysis later in the spring.
This is a positive and forward-looking move by the Council in the current climate. Lets hope there is a good level of support for the scheme.