Port Talbot £6.3m Research and Development Village Project
A multi-million pound Research and Development Village is expected to create up to 170 high-tech jobs on a burgeoning dockland development. The £6.3m project, designed by Rio Architects of Cardiff, is the latest addition to Port Talbot’s rapidly growing harbourside district. The Research and Development Village is part of the opening up of the old docks area of Port Talbot thanks to the £110m Harbour Way road project.
The huge road scheme is due to be completed in October 2013 and will not only take congestion off the M4 but provide quick access from junction 38 right into Port Talbot and Harbourside Park. Neath Port Talbot Council envisages a new boulevard plus a hotel, offices and restaurants as part of the regeneration of the docks area made possible by the new road link to the M4.
Developers Deryn Properties has completed work on the first phase of office and laboratory space in the village which is expected to accommodate scores of jobs in the town over the next year. Two major manufacturing businesses, Tata Steel UK and engineers TWI Ltd, have already confirmed lettings for two of the three buildings at the village. These will comprise research labs, meeting and conference centres as well as quasi-industrial areas for research testing.
Alun Davies, Deputy Minister for European Programmes, will officially mark completion of the first stage with a “topping out” ceremony today. Plans will also be unveiled for further phases of the wider Harbourside Park development as the overall site has the capacity to accommodate an additional 75,000 sq ft of development. The docks area will eventually contain new homes, bars, shops and other facilities alongside factories and conference areas.
The Harbourside Park area is already home to the Port Talbot Justice Centre and the proposed redevelopment of Port Talbot Parkway Station. And Neath Port Talbot College has announced Harbourside Park will be the home for its new purpose-built campus.
Ali Thomas, Leader of Neath Port Talbot Council, said “This is an exciting example of successful private-public sector partnership working. “This development will bring forward high quality business space to generate quality job opportunities for Port Talbot and attract new inward investment. This is part of our wider regeneration strategy for the County Borough that will deliver new housing, leisure, retail, and education and business opportunities and help make the area an attractive place where people want to live, work and do business.”
David Stacey, Managing Partner of Cardiff based Deryn Properties (Investments), said “We are delighted to be making this investment in Port Talbot and are very excited about the regeneration opportunities at Harbourside.”