Next phase of Gloucester development to create 700 jobs
- 13th May 2016
- Business & Economy
![Next phase of Gloucester development to create 700 jobs](/media/5166783/gloucester-development.jpg?anchor=center&mode=crop&quality=80&width=1920&height=500&rnd=132276236830000000)
A further ÂŁ100 million investment into the development of Gloucester city is expected to create 700 jobs.
Over 3,000 full-time and part-time jobs have already been created in the city following a ÂŁ260 million investment from Peel Holdings.
Vision
Peel Outlets Managing Director Jason Pullen has now announced the final phase of the development, which he said was a ten-year vision.
He stated that this phase is âanother ÂŁ100 million worth of private sector investmentâ, and that it will add another one million square feet of accommodation space.
The company is set to start work on 20 acres of brown field site at Monks Meadow, which Pullen said will bring quality homes and a further 700 jobs to the area. This will bring the number of jobs created since 2009 to over 3,000, which Pullen described as âphenomenal.â
The company predicts that a further 771 jobs will be created by 2019.
Battle
According to Pullen, getting this far into the development has been âa huge battleâ due to the company being unable to get leading businesses such as TGI Fridayâs to move to the city.
The next phase will see the development of derelict areas and the regeneration of the St Ann Way business park.
Councillor Steve Morgan described the development as âimmensely good newsâ for the area, and stated that it will be âa terrific imageâ to show that Gloucester is moving forward.
Plans for the development could be submitted to the council this month, and subject to planning, work on the land may begin in August.
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