Set to open its doors to small businesses, start-ups and entrepreneurs this autumn, the project is intended to create 300 jobs, support 120 businesses and inject £20million into the local economy.
A ceremony to mark progress to date was attended by Leader of Broxbourne Borough Council, Councillor Mark Mills-Bishop, Hertfordshire Local Enterprise Partnership (LEP) Board Member David Williams, Kate Oyston from Ashe Construction, Nigel Thomas from Basepoint Business Centres and a number of Broxbourne Councillors.
The £4.6m project will provide 20,000 square feet of modern flexible serviced business space. It will focus on the needs of start-up businesses and those existing businesses seeking to grow with the provision of quality accommodation with easy-in, easy-out terms. Other benefits include on-site management, serviced meeting rooms, high speed internet access, free parking and 24/7 business support.
Hertfordshire LEP allocated £1.8m to the project. David Williams is Cabinet Member for Enterprise, Education and Skills and represents the County Council on Hertfordshire LEP’s Board.
He said “I am very pleased to see how the construction is progressing. The Hertfordshire Local Enterprise Partnership has been involved in a number of projects and this is an example of a project which has come to fruition very quickly. I am looking forward to seeing the building in occupation during the fourth quarter of this year”.
The Centre was designed by award-winning architects R H Partnership and Basepoint Business Centre will operate the facility on behalf of the Council.
Local contractor, Ashe Construction Ltd, is carrying out the building work, using local suppliers.