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Flightpath Phase 2, Essex

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Approval status

 

Fully approved

Delivery status

 

Construction in progress

Expected completion date

 

Autumn 2021

The LGF funding is required for capital infrastructure investment in the second phase of Project Flightpath, which will deliver 40,000 sqft of new build commercial mixed use B1/B8 employment workspace at Woodside Industrial Estate, Woodside, Essex. The existing site consists of 36 units and 45,000 sqft of workspace accommodating 157 full time employees. The first phase of the Flightpath project is nearing completion and will deliver a further 15 units and 30,000 sqft of workspace, which is projected to create an additional 105 new jobs.  Phase 2 will deliver a further 21 units and 40,000 sqft of workspace, which is expected to create a further 144 jobs. The Project will deliver a further 21 single and two storey industrial B1/B8 mixed use units in 4 blocks totalling 40,000 sqft (gross internal area) coupled with estate infrastructure replacement and improvements including resurfacing roads, environmental remediation, security improvements, landscaping and making the whole site fibre communication ready, bringing the site up to date and in line with the needs of modern businesses.

Award of additional LGF funding

The LGF COVID-19 response fund was established to support those existing LGF projects which were experiencing a funding gap due to cost increases or loss of local funding sources as a result of the COVID-19 pandemic. A new LGF project pipeline, consisting of existing LGF projects, was agreed by the Strategic Board in December 2020 and will be used as the basis for awarding all currently unallocated LGF funding.

This project was included on the new LGF project pipeline and the award of an additional £0.560m LGF was approved by Accountability Board on 12th February 2021.

 

Capital Programme delivery update

Take a look at our update on the delivery of the Local Growth Fund (LGF) and Growing Places Fund (GPF) capital programmes.

SELEP Capital Investment Programme

£579m of investment to East Sussex, Essex, Kent, Medway, Southend and Thurrock

In total the SELEP Growth Deal with Government has brought £579m of investment to East Sussex, Essex, Kent, Medway, Southend and Thurrock. Over the lifetime of the Growth Deal (2015-2021) we aim to deliver 78,000 jobs and 29,000 homes across the SELEP area, with the Deal set to attract a further £960m of investment into the South East over the six year period.

Find out more here
Funding value: £1,981,500
Total Project cost: £2,843,000
Return to Capital Investment