The redevelopment of a former military site in Liphook, which will create jobs and boost the local economy, is quickly taking shape.
The former Ordnance Supply Unit (OSU) site, Midhurst Road, will be home to three new business premises, including two new office blocks and three light industrial units.
The plans for the project are being funded through £2m from East Hampshire District Council and a £1.6m grant from Enterprise M3 Local Enterprise Partnership.
Councillors, contractors and representatives from the Enterprise M3 LEP gathered at the site on Thursday to ceremonially ‘break the ground’.
The project will boost the local economy in Liphook and the wider district and will provide jobs and business space as well as a rental income to East Hampshire District Council.
Rental income will be re-invested in the local economy through apprenticeships and business support schemes.
EHDC is determined to become one of the country’s most business-friendly councils and has launched the project as part of its East Hampshire Invest for Growth Initiative.
Glynis Watts, EHDC Portfolio Holder for Economic Development, said: “I am delighted to see that work is under way on this site and we all look forward to the fantastic new buildings this project will provide.
“These premises will be perfect for local businesses looking to expand, for start-ups or to attract new businesses into the area.
“EHDC intends to be the most business-friendly council in the country and this project is another indication of that ambition. Once occupied, the buildings will generate rental income which will be re-invested in local economic development projects and contribute to the council’s plans to be financially independent.”
Geoff French, CBE, Chair of Enterprise M3 LEP, said: “We are pleased to see this project take off and look forward to the economic benefits it will deliver in terms of addressing the increasing demand for high quality business premises in the area.”