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Go-ahead for £5m tank farm project on Portland

09 January 2009

The transformation of Osprey Quay on Portland has taken another step forward with planning approval for a £5 million project to redevelop the former oil tank farm into employment space.

The 10-acre Mere Tank Farm site occupies a prominent position at the entrance to Portland and was cleared last year having been bought by Weymouth and Portland Borough Council from Portland Port using funding from the South West RDA.

The council this week gave planning approval for a range of improvements on the site that will pave the way for future employment space after the 2012 Olympic and Paralympic Games.

The South West RDA is investing £5 million in the project, which will be managed by the council.

Alison Hatcher, Head of Regeneration at the South West RDA, said: "We're investing £38 million in Osprey Quay to transform it into a hub of marine business and leisure activity and we're delighted that the tank farm proposals can go ahead. This is an important site for the 2012 Games and longer term will be home to hundreds of jobs, so our investment is unlocking its business potential."

Councillor Peter Farrell, Chair of the Borough Council's Planning Committee, said: "The Committee was unanimous in its support for the planning application, seeing it as a further step in the regeneration of Osprey Quay. The two stage approach to using the site, initially for the Games and essential facilities, and then after 2012 for new business development, will add to the creation of more potential new jobs on Portland, meeting the needs of the Borough as a whole."

Work will include major earthworks to fill and level the site, drainage and other services to allow for future employment development. There will be a new link road and cycleway between the Weymouth and Portland National Sailing Academy and the central roundabout on Portland Beach, car/boat parking and boat maintenance area for the sailing academy, and a temporary overflow car park.

The site has been earmarked to support the staging of the sailing events for the 2012 Games and for test events in 2010 and 2011. After the Games the council and the RDA will submit a planning application to create a range of new workspace potentially supporting hundreds of jobs.

Work on site is expected to begin in March.

Ends

For more information contact:

Jason Clark, Deborah Clark Associates
Tel: 01208-77900
Mobile: 07980-834368
jason@dca-pr.co.uk

Notes to Editors

1)The South West RDA leads the development of a sustainable economy, investing to unlock the region's business potential. It is helping companies respond to the economic crisis and charts a course for recovery. The RDA is developing or expanding initiatives which include: establishing a Business Loan Fund; coordinating the response to large companies in difficulty; preparing for economic recovery.

2) The South West RDA bought Osprey Quay on Portland in Dorset in 2000 following the closure of the Royal Navy Air Station. The aim was to secure the economic future of Portland by having a wide range of leisure and employment uses.

3) The RDA has earmarked £38 million for Osprey Quay and its investment in new roads, services and flood defences, and new public access to the waterfront has already attracted more than £30 million of private sector investment creating more than 200 new jobs.

4) The RDA invested £3.34 million in the Weymouth and Portland National Sailing Academy, helping to lay the foundations for the 2012 Olympic and Paralympic Games.

5) The RDA has also earmarked £6.6 million to transform Weymouth seafront in time for the 2012 Games.

Contact Details

Name Jason Clark
Tel 01208-77900
Email jason@dca-pr.co.uk