Following an award of over £1.1m grant funding from the Scottish Government’s Regeneration Capital Grant Fund, work is due to start on site at Drumpellier Business Park in Coatbridge. In a joint venture with Stirling based Ogilvie Group Developments, the site has already been prepared for development with upgraded services and provision of a new access road. Planning permission is in place for a 65,000sq ft office development and we are now also looking at broadening the range of uses on the site.
Regeneration of the Drumpellier site, previously vacant for a number of years, has been kick started by the Scottish Government grant award which will fund the site’s first office building, to be known as Enterprise House. The development will provide modern, accessible, energy efficient facilities for local businesses, social enterprises and start up companies in the Coatbridge area.
The first building will be over two storeys and consists of a total of 8,000sq ft that will be sub-divisable to accommodate a range of office units from 1,500sq ft up. Located in a prime position for Scotland’s major motorway network and close to Kirkwood railway station, we are sure this development will attract interest when it’s completed in 2016.
Fusion Assets has been able to progress this development at Drumpellier Business Park thanks to a successful application for a grant from the Scottish Government’s Regeneration Capital Grant Fund (RCGF). With £25m per year the RCGF supports projects that help to deliver large scale improvements to disadvantaged areas and deliver sustainable outcomes. Drumpellier Business Park is one of 18 projects for 2015/16 to secure a grant in the second round of the fund.