The Council of the City of Plymouth are applying for £1.5m ( £1.47m after deduction of GD2 Programme Management costs) Growth Deal 2 funding for a £7,823,954 development of a Marine Industries Production Campus (MIPC) on part of the former South Yard site in Plymouth.

The project will include the development of 3 buildings on part of the site referred to as Area 1 East, comprising of:

  • 12 office units across 1,500m2
  • Up to 14 industrial units across 1,294m2

Additionally the project will seek to install the services and supporting infrastructure for an adjacent area known as Area 1 West.

It is projected that the MIPC will accommodate 175 gross new jobs within the marine sectors.

The project is the phase 1 development of a wider £72M Oceansgate site which will be developed in 5 stages.

Growth Deal Funding: £1.5m