Soft Market Testing/Expressions of Interest - Nicholson Road Business Park, Ryde, Isle of Wight, PO33 1BE

Tender description

The Isle of Wight Council (IWC) invite parties to review the development opportunity and submit Expressions of Interest in relation to the delivery of all or part of the scheme. It is important to note that this is not an offer for sale or invitation to tender, it is strictly an Expressions of Interest exercise to capture market interest via a Prior Information Notice (PIN). Any further decision on development strategy will be subject to the rules associated with a formal procurement process or marketing method.The Nicholson Road development opportunity comprises surplus land owned by the Isle of Wight Council. The site extends to approximately 14.6 hectares and is situated around 1.6km south of Ryde town centre. It is well connected to the Island road network being located adjacent to the A3005 which is one of two A roads connecting the main settlements of Newport, Sandown, Shanklin, Yarmouth, Cowes and Ryde.The scheme has been designed to expand the capacity of Ryde Business Park to generate employment opportunities and meet an identified market need for space for growing businesses in the area. The design provides a sustainable solution to allow for businesses to flourish, enhance the environment and create a distinct place where people want to reside, meet, work and play. Plots have been carefully arranged to support growth through arrangements that encourage interaction between businesses and are adaptable to changing needs. The scheme aims to build social value through the provision of jobs, the provision of social infrastructure and by encouraging social interaction to create a sustainable and cohesive business community that is well integrated with its wider community.