WORK on the next phase of development at Levenmouth Business Park is underway, marking a ‘significant’ milestone in Fife Council’s commitment to the regeneration of mid-Fife.
New ‘modern and attractive’ business units are being built that are tipped to create and sustain jobs in the Levenmouth area. The multi-million pound investment will deliver seven new business units extending to 753 sqm, that will be available to let to a range of businesses, including innovative and growing companies. These units will be built to a high specification and will include solar PV panels that produce clean, green electricity for use by tenants.
Fife Council said around 25 jobs are expected to be created as a direct result of the new units, while construction itself is estimated to support at least 26 additional jobs.
The Business Park forms a ‘key’ part of the Levenmouth strategic development area. This development is part of regeneration of the mid-Fife area and is accessible by the new £116 million flagship Levenmouth rail line, currently under construction. It will also be served by the Levenmouth active travel network and enhanced bus services.
Councillor Altany Craik, spokesperson – finance, economy, & strategic planning at Fife Council, said, “It’s great to see work continuing on the new business park which represents significant investment in the strategic employment land supply in the Levenmouth area. This investment will accelerate inclusive growth, create economic opportunities, and support new jobs that will help to reduce inequalities in the Levenmouth area and beyond.
“The seven new business units offering a high quality specification will provide opportunities to locate in the business park.”
Convenor councillor Colin Davidson, Levenmouth area committee, added, “The new developments at Levenmouth Business Park will help create better jobs, support raising incomes and deliver economic growth for an area that has great potential. The business park will expand Levenmouth’s existing business base, revitalise the area, and will support businesses that wish to locate to the area and benefit from the enhanced transport accessibility now being developed.”
Ground remediation works and essential infrastructure works have already been completed, including a new access road. A final phase of drainage infrastructure works is now underway, which is set to be completed in summer 2023, providing serviced development land that will be available for investment by the private sector.
The £3.67 million Business Park units have received funding from the Levenmouth reconnected programme (LRP) amounting to almost £715,000, which has been allocated from the LRP’s £10 million fund. The project has also secured funding of £1.2 million through The Edinburgh and South East Scotland City Region Deal.
Fife Council’s economic development team will lead on promoting the new units and development land with the aim of securing new occupiers and investment at the Business Park.
