£3.6 million Business Park interests local businesses.

Newquay is known for its beaches and natural environment and a new development at Quintrell Downs has taken its environmental responsibilities to heart.

Six high quality speculative units have started construction this month thanks to a £2.071m investment from the European Development Fund Convergence Programme; match funded by local developer Fortdown Developments Ltd. The units, ranging in size from 170sqm to 837sqm will be highly sustainable and built to BREEAM ‘Excellent’ standards ensuring the delivery of very high energy performance buildings.

In addition to being BREEAM compliant, Fortdown have future-proofed the units by installing Solar PV, highly efficient heating systems, high levels of insulation and other environmentally friendly technologies that when combined together will result in lower energy costs for occupiers.

Even though the development has only recently started construction, the site has already caught the interest of many businesses keen to relocate or expand into the new workspace. Several of the units have already been put under offer demonstrating strong demand for these high quality business premises.

The units which will use a range of high performance materials, including timber cladding (from a sustainable source) incorporate flexible office space that can be extended horizontally and vertically to suit the end users’ specific requirements. Externally, the units include car parking spaces which are complemented by cycle storage and recycling facilities for the future occupiers use. John Richards from Fortdown Developments said: ‘For me, one of the reasons companies start up or relocate is to benefit from the beautiful environment Cornwall has to offer. By incorporating these green elements into the units we have made every effort to make the buildings highly sustainable thereby reducing energy costs for future occupiers for years to come. Furthermore a key component part of this project is the provision of over 3 acres of additional serviced employment land which is available for companies who might want to undertake their own development project and design a scheme specifically around their needs.’

John Pollard, Leader of Cornwall Council and joint Deputy Chair of the Convergence Local Management Committee, which steers the Convergence programme said: ‘This development is another good example of private investment working with the ERDF Convergence programme to unlock development potential for future economic growth. The Quintrell Downs site demonstrates that the ERDF Programme is committed to developing appropriate workspace across Cornwall and this is something that I wholeheartedly welcome.’

Robert McGuffie Director of RJM Property & Development Consultants Ltd said: ‘We are delighted to have secured the much needed ERDF Convergence funding to help bring this project to fruition. The green credentials of the scheme will prove to be of great benefit to businesses. Already the levels of interest in the scheme have been very high which is extremely encouraging and helps demonstrate the lack of quality stock available in Newquay and the wider area.’

The units are available either on a sale or lease basis and interested parties should contact the Joint Agents Alder King (01872 222174) or Stratton Creber Commercial (01872 261028). 

Additional Notes:

BREEAM stands for Building Research Establishment Environmental Assessment Method             


Left to right:

Stewart Spearman, Dawnus

John Richards, Fortdown Developments Ltd

Nigel Eustice, Fortdown Developments Ltd

Robert McGuffie, RJM Property & Development Consultants Ltd

CGI: artistic representation of Quintrell Downs


Matt Silver

Media Relations Officer for the Convergence Support team

Tel: 07805737444

Email: [email protected]

Robert McGuffie MRICS BSc (Hons)

Director, RJM Property & Development Consultants Ltd

Tel: 01726 66922

Email: [email protected]

Editors Notes:

Quintrell Downs is part financed by the Cornwall & Isles of Scilly Convergence European Regional Development Fund Programme 2007 to 2013. The Department for Communities and Local Government is the managing authority for the European Regional Development Fund Programme, which is one of the funds established by the European Commission to help local areas stimulate their economic development by investing in projects which will support local businesses and create jobs.

For more information visit: www.gov.uk/browse/business/funding-debt/european-regional-development-funding

Project Investment:

ERDF Convergence: £2,071,083

Fortdown Developments Ltd: £1,530,800

TOTAL: £3,601,883

For more information visit www.erdfconvergence.org.uk


Friday 17 January 2014