Contract award for Phase 2 of Oceansgate scheme

A contract has been awarded for the construction of the Oceansgate scheme at Plymouth’s historic South Yard.Work on the scheme is set to start shortly after Plymouth City Council signed off on a delegated decision to award the contract to Kier.The contract for the construction Phase 2 is worth £7.6m. The second phase of Oceansgate has been funded by a £2.25m grant from the European Regional Development Fund (ERDF) and a council loan.The Oceansgate development is redeveloping the disused MOD land in South Yard, Devonport, into a marine Enterprise Zone.As part of Phase 2, a new three storey office building and a further 15 light industrial units will be built, with the potential to create an additional 130 jobs.The buildings have been designed to be flexible, allowing for a range of sizes of industrial and office space, depending on businesses’ needs.The first phase of the development was completed in April 2018 and is now a base for eight businesses, including the new Marine Business Technology Centre, as well as Lang & Potter Marine, international marine consultants MECAL and the Maritime and Coastguard Agency.