The second phase of Plymouth City Council’s Oceansgate development, a world-class innovation hub for marine industries, is now 100 per cent let.
Tenants that have taken space in Phase 2 include ESL Group’s Space and Defence Solutions division, Babcock Integrated Technology Ltd, Relay Engineering, R and M Electrical Group Ltd and City College Plymouth, which is creating a new dedicated learning environment offering university-level courses in marine and engineering subjects.
Oceansgate has transformed disused Ministry of Defence land into a Marine Enterprise Zone. It sits within South Yard which is a key part of the new Plymouth and South Devon Freezone, which will offer specific tax and relief benefits for companies based within it, incentivising employers to invest and create new jobs.
Council Leader Nick Kelly said: “The marine and maritime industries are vitally important to Plymouth and with Oceansgate we set out to create a dedicated space for these businesses, offering offices and industrial units designed with their needs in mind. It’s fantastic to see Phase 2 now fully let, creating a thriving business hub that encourages collaboration and innovation.”
Phase 2 of Oceansgate is a £7.6 million project funded by the Council and a £2.25 million grant from the European Regional Development Fund (ERDF). It was completed in March 2021 and includes 1,350 metres squared of light industrial space in three separate buildings and 1,100 metres squared of office space.
The new office building, Nesbitt House, was named in honour of Plymouth-born Kate Nesbitt, who became the first female member of the Royal Navy to be awarded the Military Cross for her service in Afghanistan in 2009, celebrating the site’s defence links and proximity to the Naval Base.
The first phase of Oceansgate was completed in April 2018 and is now home to nine tenants within its office building, Endeavour House, and light industrial units in Endurance Court.
Endurance Court is fully let, with tenants including Plymouth Marine Laboratory, Marine Tech Systems, Lang & Potter Marine and WH Scott & Son Engineers, while Endeavour House hosts The Maritime & Coastguard Agency, Mecal and Relay Engineering, and has a number of office suites available to let.
The next steps for Oceansgate include work on phase 3.1, which will see the development of a new 2,400 metres Marine and Defence Innovation Centre.
For more information about Oceansgate, including details of units available to let, please visit www.oceansgateplymouth.com.