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Boost to Isle of Wight economy

Mon 29 Oct 2012

Boost to Isle of Wight economy

The construction of a giant marine business park at East Cowes could drive forward the Isle of Wight's naval economy by £10 million.

Following approval of the plans by the Isle of Wight Council, the Kingston Marine Park is expected to generate almost 500 new job opportunities, 382 of which will be on-site and 111 indirectly, the Isle of Wight County Press reports.

East Cowes town councillor Simon Walker was quoted as saying: "This development will provide opportunities for employment in one of the most deprived wards on the Isle of Wight."

The planning application includes proposals for the formation of retaining structures allowing vehicular access onto the internal site on Saunders Way, the confirmed location for the park.

It will use light industrial units with 15,000 metres of space and is to include a 33-metre shed to contain tall boats with upright masks.

Construction is due to begin in spring 2013 once an appropriate development partner has been identified by the Homes and Communities Agency.

According to Mr Walker, the new park will enable the continuation of the tradition of marine activity on the River Medina.

Posted by Steph WhiteADNFCR-3083-ID-801478086-ADNFCR

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