30/05/2013

First Phase Of Extended Business Park Complete

Invest Northern Ireland has announced the completion of the first phase of the extended business park at Carnbane Industrial Estate in Newry

Approximately 20 acres of new serviced land are now available to qualifying businesses. To date, six eligible companies have declared an interest in acquiring sites at the business park.

Bill Scott, Invest NI's Director of Regional Business said: "Our extension to the business park in Newry will help address the shortage of available industrial land in the district and play an important role in supporting economic development in the area.

"This investment forms part of Invest NI's land holding policy to develop land for industrial use in locations where the private sector is unwilling or unable to do so. Our policy ensures that local and foreign investors have access to the high quality serviced sites that they need to support the set up and growth of sustainable businesses. The facilities offered by this business park will help Newry continue to develop as an attractive and successful business hub."

Infrastructure development works on the £19 million investment by Invest NI have been underway since February 2011.

"We are proactively marketing this site to both foreign and local investors as an investment location and will continue to work with Newry and Mourne District Council to progress this development as well as the companies who declare an interest in locating there," Mr Scott added.

The subsequent phases will be developed and released in response to the demand from qualifying businesses.

(CD)

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