The business park is the central component of a £24m investment by Cornwall Council, the European Regional Development Fund (ERDF) and central government in the regeneration of Hayle Harbour.
Hayle is home to Wave Hub Ltd, which operates the world’s largest marine energy test site, as well as three marine energy demonstration zones. The new business park is designed to accommodate companies in the growing marine energy sector. It is being built on the site of a formal coal-fired power station at North Quay in Hayle.
It will offer 2,500 m2 of managed workspace including light industrial units and 900 m2 of office space over two storeys. It is expected to open in summer 2015.
Midas won the contract for the project through Cornwall Council’s contractor framework.