£1m jobs boost?

PUBLISHED: 13:00 28 November 2008 | UPDATED: 10:07 10 June 2010

CLINTON Devon Estates is prepared to invest £1 million extending the Liverton Business Park if the regeneration of Exmouth goes ahead. The move could create scores of jobs for Exmouth with manufacturing firms vying to lease a unit at the popular site. T

CLINTON Devon Estates is prepared to invest £1 million extending the Liverton Business Park - if the regeneration of Exmouth goes ahead.The move could create scores of jobs for Exmouth with manufacturing firms vying to lease a unit at the popular site.The expansion plans are still under discussion but, if the move was approved, the north side, near the B&Q store, would be extended for the manufacturing sector rather than retail businesses.The Salterton Road business park has been 20 years in the making and, now retailer Carpertright has leased the final unit, Clinton Devon Estates (CDE) is looking at the site's future.CDE director John Varley said the estate had ploughed millions into building the original site - without any initial commitment from retailers.Mr Varley said any future expansion would rely on the support of the manufacturing sector and the needs of the town, based on the direction of the district council.He said CDE was looking to invest in the area and the growth of the park - creating Liverton II - could aid Exmouth businesses looking to expand or move premises.CDE needed to "have commitment" and "that needs to be driven by the regeneration of Exmouth", said Mr Varley. "We are not going to build speculatively. We built the first 16 units speculatively without any tenants and they have paid off. "Before we are prepared to spend the money, we would want some anchor tenants. At the moment, we do not have any of those. "At the end of the day, rent will be lower for us [than if the units were leased to retailers], but we are prepared to look seriously at the venture - if the local authority and Exmouth say there is a need."He said Clinton Devon Estates had drawn up plans - giving an idea of how the site would work - and discussed the project with East Devon District Council. However, CDE had not submitted plans for approval.

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