Red Funnel welcomes part approval of East Cowes scheme

01-March-2017 – Red Funnel is pleased that part of its revised scheme for the development of its East Cowes ferry terminal has been approved by the Isle of Wight Council's Planning Committee.

After the original scheme was refused in April 2016, Red Funnel consulted extensively and worked closely with a wide cross-section of stakeholders to find a compromise solution.

Key aspects of the revised scheme: -
• It will have no impact on marine manufacturing in the town as the scheme allows time for the development of larger and more modern facilities at Kingston Marine Park.
• It does not require the compulsory purchase of the houses and land in Dover Road.
• The scheme will enable Red Funnel to retain its share of a growing cross-Solent market for the next few years which in turn will help grow the Isle of Wight economy.
• Disappointingly, it will not help facilitate the regeneration of East Cowes. The larger marshalling yard will help reduce some of the traffic congestion in East Cowes, but not to the extent that the full scheme would have done.

Kevin George, Red Funnel's CEO commented "We are pleased that at least part of the interim scheme has been given the go-ahead following a lot of hard work to find a compromise solution. We will now work to implement the approved part of the scheme which will bring benefits in the short-to-medium term."

"The company will also continue to push for the creation of Kingston Marine Park which has the potential to be a world class marine manufacturing centre with purpose built facilities to maintain and build vessels which meet the requirements of today's market. Kingston gives the opportunity to grow the marine sector significantly, providing far more skilled jobs than those supported by the outdated facilities at Venture Quays."

In the meantime, Red Funnel will continue to pursue its appeal of the original scheme with the Government's Planning Inspectorate which was refused in April 2016 by Isle of Wight Planning Committee, contrary to the advice of Planning Officers. The appeal will be heard at a Public Inquiry in July 2017.


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