Dursley engineering company Lister Petter is relocating to a new purpose-built facility, keeping 200 jobs in the district.
It was feared the company might relocate to Tewkesbury but this morning it, a developer and Stroud District Council revealed a new deal to keep the jobs in the district.
A planning application, which would see the company move to a new site in Hardwicke, has just been submitted by developer, St. Modwen.
Councillor Geoff Wheeler, leader of Stroud District Council, said:
'Maintaining and strengthening our local economy is one of our main priorities. Keeping Lister Petter in the district will retain 200 skilled jobs in the area, benefiting the business, its employees and the district. At the same time it would represent a major step forward in development of the plans for the 92 acre Littlecombe site. We hope to be signing an agreement with the company very shortly.'
Bryan Draper, chief executive officer of Lister Petter Group, said: 'We are committing £2m to the project. Support from Stroud District Council will help us relocate to a purpose-built facility at the Quedgeley West Business Park in Hardwicke and invest in new plant and machinery. With close links to the M5 and a stone's throw from our existing warehouse at Waterwells, it's the ideal location for us. The move would allow us to retain our valued, skilled employees, create further job opportunities and continue Lister Petter's historic association with Gloucestershire.'
St. Modwen has submitted a planning application for the new 40,000 sq ft building which will allow Lister Petter to produce engines as part of a wide range of products which include generators, marine engines, and pump and welding sets. Its products are used in various applications throughout the world including disaster recovery, agriculture, and telecommunications.
The purpose-built facility should be completed in spring 2014 and will include production/ warehouse and office accommodation.
Pete Davies, development manager for St. Modwen, the company developing the Littlecombe scheme, and the owner of Quedgeley West Business Park, added:
'Quedgeley West Business Park is a great location for a company such as Lister Petter. Our planning application covers part of the final phase of development at Quedgeley West and also includes an additional 32,000 sq ft building, capable of sub-division into two units. This will create further opportunities for companies seeking quality new warehouse and production space on this established Business Park, close to Junction 12 off the M5.'
Over the next two years, as part of its support for the local economy, Stroud District Council has put aside £1.25million to support businesses, create jobs and promote growth. £700,000 of this funding is for a strategic employment reserve to explore economic regeneration opportunities while £100,000 will be used to attract employers to the district. £60,000 will be used for employment initiatives and apprenticeships.