Opportunity: Occupation, Investment
Type: Office, Light industrial
Sectors: Research and Development, Manufacturing, Business Services
Watford Business Park is a 26.3-hectare site to the south-west of Watford town centre and is currently home to over 100 businesses, employing in the region of 1,200 people.
Whilst it is a major employment area, a significant proportion of the existing properties are old and of a poor specification. Watford Borough Council is working with local partners to deliver a strategic masterplan for the site, supported by £1.5 million from Hertfordshire Local Enterprise Partnership.
Initial work has identified potential for phased redevelopment of the site over a 15-year period. Intensification of the site will provide more employment capacity and have the potential to create an additional 1,300 jobs.
“This move is about supporting our local businesses to make sure they have good quality employment space. Small businesses are the lifeblood of a town like Watford. It’s important that we continue to attract new businesses, support the ones we have and keep them within our community. A key part of this is providing the right spaces and conditions for them to thrive and grow. That is why we are investing in the business park and why this action is necessary.”
Peter Taylor – Elected Mayor of Watford