Home Park scheme would pump £100m into economy

Ben Fox
Ben Fox

The redevelopment of the Home Park site, including a massive refurbishment of Plymouth Argyle’s Mayflower Stand, could also create over 400 new jobs.

The first part of the hybrid application would see the redevelopment of Argyle’s Mayflower Stand and the building of an ice arena, with associated car parking, landscaping, public realm and highways access.

Part two seeks permission for a mixed use development, including food and beverage units, offices, a gymnasium, hotel and veterinary surgery. And according to an Akkeron spokesman, the firm behind the project, once completed, the new development would have significant benefits to the local economy, as well as create a significant number of jobs in, and around, the city.

“The developments in Home Park, Higher Home Park and the Western Gateways Sites are anticipated to have a large and positive impact on the local business community and job market.

“According to calculations from economic consultants LEK, the development will pump almost £100 million into the local economy in the coming years, nearly two-per-cent of Plymouth’s GVA (gross value added) per annum.

“Once complete, it is expected to create over 400 jobs for Plymouth and the surrounding region, including a mix of full and part time staff. It is expected that 200 of these jobs will be based within the Higher Home Park Development, nearly 100 in the Western Gateways Development and just over 100 in the new corporate facilities within the new Mayflower Grandstand (calculated using the Home and Communities agency numbers).”