A Lincoln business park designed for SMEs and business startups has been filled just eight months after opening.
All 19 business units, which range in size from 500 sq ft to 2,000 sq ft at Blackwood Court, part of Teal Park, have now been let since officially opening in February.
North Kesteven District Council invested £2 million in the development at Teal Park, one of only three key strategic employment sites in the district, to respond to a need for small, flexible, start-up units within the LN6 area.
The development’s success follows that of NKDC’s scheme at Churchill Business Park in Bracebridge Heath, which was fully let and occupied within six months of opening.
Councillor Marion Brighton, leader of North Kesteven District Council, said: “The success of Blackwood Court is testament to the council’s foresight and vision in creating smaller business units not typically catered for in the private sector.
“Figures show that more than 80% of businesses in the district are small or micro and they are the lifeblood of our economy.
“By investing in developments such as Teal Park, we are helping these businesses to flourish.
“A thriving economy with jobs being created is important for the district and we have a commitment to supporting this as an authority.
“We will continue to assess demand and strive to meet the needs of small businesses in the area.”
Lambert Smith Hampton has been responsible for marketing and letting the units at Teal Park, as well as the other 83 units across the eight locations in NKDC’s commercial portfolio.
Marie Gutteridge, from Lambert Smith Hampton, said: “We knew the location and flexibility associated with these units promised to be very popular for both new and expanding local businesses, but the speed at which we have been able to let all of the units at Blackwood Court is extremely pleasing.”