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The hoist dock masterplan. Image by Turley Associates.

The hoist dock masterplan. Image by Turley Associates.

Developing Kingston Marine Park and other Isle of Wight sites could create 500 jobs

Megan Baynes

[email protected]

Thursday, February 8, 2018 - 12:11

MORE than 500 jobs could be created over the next three years with the development of Isle of Wight sites - including Kingston Marine Park - according to the Isle of Wight Council.

Uncertainty has surrounded the development of the marine park - and the future of the Island's marine industry - in recent months and work stalled due to a lack of funding in September.

One firm, previously based at Venture Quays, has already re-located to Scotland due to the uncertainty over the future of the shipyard.

However, the council's cabinet is due to give the green light on Thursday to assembling a public and private sector funding package for the 14.5 acre waterside location.

This is part of a £1.8 million investment in Island sites over the next three years.

The council is in the final stages of buying the site from Homes England, and has commissioned a full financial appraisal for its development which is expected to include a hoist deck and further site works for businesses that construct vessels equivalent in size to the Red Jet 6.

Cabinet member for regeneration and business development, Cllr Wayne Whittle, said: "We are committed to investing in the Island's long-term economic future, and protecting and building our marine sector is a major pillar of our regeneration strategy.

"We are determined to create a climate where businesses can thrive - and at Kingston Marine Park we aim to fully explore the viability of developing the site in the best possible way."

 


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