New trees have been planted to mark the beginning of a new innovative business park development in Medway.
Innovation Park Medway is a prime development in north Kent and offers an exciting opportunity for businesses to grow. It is expected to become a magnet for high value technology, engineering, manufacturing and knowledge intensive businesses.
The site at Rochester Airport, which forms part of the pioneering North Kent Enterprise Zone, offers up to 100,000m2 of high quality, innovative commercial space in a prime spot between London and the continent.
Innovation Park Medway will also offer an attractive business rate discount to those who locate to the site - up to £55,000 annually for five years and a maximum of £275,000 per business.
A draft masterplan has been created, setting out the development proposals for the site, and members of the public have had the opportunity to provide feedback on the proposals.
It is predicted that the masterplan will be adopted in Medway and Tonbridge and Malling in 2019.
Leader of Medway Council, Cllr Alan Jarrett, said: “I was delighted to help plant trees at what will be the entrance to the Innovation Park Medway. This marks the launch of a very exciting scheme and I’m looking forward to watching the business park grow alongside the trees. Innovation Park Medway is Medway’s major employment regeneration project which will provide a number of jobs for highly skilled residents. We understand how important is it to help businesses grow and we are committed to building the foundations now to drive growth and innovation in Medway in the future. We’re also pleased to be working in partnership with Tonbridge and Malling Borough Council on the project. Innovation Park Medway is an incredibly important part of Medway’s future which will provide brilliant opportunities for people who live, study and work in the area.”