Market Leads & Opportunities
£200m scheme moves forward after cabinet green light
A multimillion-pound innovative scheme at the former Hedon Aerodrome which is expected to create thousands of new jobs has been approved by Hull City Council’s cabinet.The land, now known as Yorkshire Energy Park, is allocated as part of the Humber Freeport to the east of Hull.Cabinet’s decision means that implementation of the £200m scheme can go ahead which will act as a catalyst for the Humber ‘Energy Estuary’ provision and green energy storage.The council previously established an agreement for the land to support its future development, with up to one million sq ft of business space, green technology education and sports facilities proposed.The revised scheme will help to deliver renewable energy, battery storage and digital infrastructure, as well as space to facilitate research and development in sustainable energy.This is expected to create about 4,500 jobs, both on and off site as part of the construction phase, for which a target of 80 per cent would be recruited through local employment, bringing a wider impact on the economy.It will also support the progression of a successful £22m bid to the Green Heat Network Fund for the city’s second district heating scheme which will make use of waste heat from Saltend Chemicals Park.Cllr Paul Drake-Davis, the council’s portfolio holder for regeneration, said: “This decision will provide significant opportunities at the Yorkshire Energy Park.”It will help cement Hull’s status as a leader in renewable energy, whilst also creating large-scale local job opportunities in the area.”
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