Fife council has granted outline planning permission for a major expansion of Fife’s John Smith Business Park.
The extension will see the speculative development of 415,000 sq ft of offices, a 60-bed four-star hotel and conference centre, 400 homes and 100,000 sq ft of retail and leisure.
Developers will be invited to submit expressions of interest in the development at the council-owned business park.
Outsourced support service specialist MGt this week purchased a second building at the park.
Known as JSbp2, the 27,000 sq ft building has been vacant since its completion in December last year.
Also this week Scottish Enterprise Fife, Fife council and the European Regional Development Fund unveiled the masterplan for another Fife business park.
The project will see the regeneration of the former Kvaerner Oil Fabrication Yard at Methil to create an energy park offering zoned industrial accommodation for companies in the renewable energy sector.
Phase one of development on the 130-acre site, to stabilise the ground and prevent land slippage, is complete.
Councillor John Cameron, spokesman for planning and development said: “The energy park will be state-of-the-art and our hope is that it’ll become a hub of activity for Scotland’s renewable energy sector.”
Once complete it is anticipated that the park will inject more than £130m into the economy, create several hundred jobs and generate more than £65m of new investment for the Levenmouth area.
References: EGi News 06/07/06
