Published Date: Aug 19th, 2024
The first tenants have today moved into the new flagship Levenmouth Business Park – marking a major milestone in the ongoing regeneration of Mid-Fife.
Seven new modern and attractive units have been built at Muiredge on the outskirts of Buckhaven, providing 741 square metres of space for a range of businesses and supporting the creation of an estimated 15 jobs.
The units – which have been built to a high specification - have evidenced high demand, with six units snapped up by growing businesses and new enterprises with ongoing enquiries focussed on the remaining available unit.
After the units were formally handed over by contractors last week, the occupants are starting to settle into their new surroundings, supporting the expansion of Levenmouth’s business base.
The creation of Levenmouth Business Park is part of the £58 million 10-year Fife Industrial Innovation Investment (Fife i3) Programme, which has been supported through the wider £1.5 billion Edinburgh and South East Scotland City Region Deal and aims to provide much-needed serviced employment land and new industrial, office and business space across the Kingdom.
Around £1.2 million was secured via the City Region Deal for this particular project, while £715,000 from the Levenmouth Reconnected Programme – a £10 million fund set up to maximise the benefits of the new Levenmouth Rail Link – also went towards site servicing and the new builds.
Councillor Altany Craik, spokesperson for finance, economy and strategic planning, said he was delighted to see the new units open for business.
“The Fife i3 Programme is all about creating conditions for start-ups and SMEs (small/medium-sized enterprises) to grow and innovate, and with that comes direct and indirect employment, increased demand for local services, and major benefits for supply chain businesses both here in Fife but across Scotland more generally,” he commented.
“It’s great to hear these units have been in demand, and of course they are perfectly placed to take advantage of the new £116m Levenmouth Rail Link, the new active travel network going in, and enhanced bus services.
“We’ve been committed to ensuring new, flexible business property is available across a range of locations, sizes and uses, and I think Levenmouth Business Park is a prime example of that.
“On behalf of the council, we’d like to wish all the new tenants well and we look forward to seeing them flourish.”
Fife Council’s Economic Development team has led on the development and promotion of the new units and employment land with the aim of securing new occupiers and investment at the Business Park. To find out more, visit www.investfife.co.uk or email fifemeansbusiness@fife.gov.uk.
The £1.5 billion Edinburgh and South East Scotland City Region Deal is a partnership of local authorities, universities and colleges, and the Scottish and UK Governments that is delivering a 15-year programme to transform the regional economy.
The City Region Deal is designed to accelerate economic, inclusive growth and create opportunities across the entire South-East of Scotland. The UK and Scottish Government’s have partnered with six local authorities (City of Edinburgh, East Lothian, Fife, Midlothian, Scottish Borders and West Lothian), Edinburgh’s universities and colleges and the private and third sector across the South-East of Scotland to deliver the deal.
Find out more about the Edinburgh and South East Scotland City Region Deal via https://esescityregiondeal.org.uk/
A fly-through video of the new units can be found on the Levenmouth Reconnected YouTube channel here: https://youtu.be/Qczb-uPDc9g
