Over the last year South Hams District Council have been busy looking at all of the land that they own, to understand the potential it might have to enhance the local area if developed. They now have a number of exciting investment and enhancement projects which will create significant benefits for the local economy.
In July the Council approved £150,000 to investigate these projects, then in September the Council approved a Commercial Property Strategy and now the Executive at South Hams have approved a £19 million capital investment programme to make some of these projects a reality.
Cllr John Tucker, Leader of South Hams District Council explains: "The key driver for this strategy is the economic benefits they will bring to the towns and communities where they will be located. One of the key questions we asked ourselves was: "what could we do with this piece of land that we own that could benefit the local economy and provide a little bit of income to ease the Council's budget pressures?"
This strategy provides the council with the opportunity to support the local economy, get pay back on its capital investment and provide an income.
Last week the key projects were agreed by South Hams District Council's Executive and they will now progress to the next step, whether that is agreeing the funding arrangements, seeking planning permission or negotiation with stakeholders.
The projects include: The development of 79 bed hotel in Kingsbridge for a national hotel operator, a new office building at Steamer Quay Totnes for a local employer, the purchase of land for employment use at Sherford, chalet-style holiday accommodation at Beesands, increased car parking at Shadycombe in Salcombe, new employment units and a workshop at Batson in Salcombe and the development of a new health and wellbeing hub in Dartmouth.
The land at Sherford will also give the Council expansion opportunities for the future, as a prime location for inward investment.
The combined projects will create or protect approximately 80 jobs locally and increase tourism within the District, giving the Council an average annual net income of over £200,000.