Business
Dismissal of alternative ?150M development plan
Dismissal of alternative ?150M development plan.
About this update from Sutton Harbour Group Plc
[{"type":"text","content":"\n \nRNS Number : 3308L Sutton Harbour Holdings PLC 09 August 2013 \n\n09 August 2013\nSutton Harbour Holdings plc\n(\"Sutton Harbour\" or \"the Company\")\n\nDISMISSAL OF ALTERNATIVE £150M PLYMOUTH DEVELOPMENT PLAN WELCOMED BY SUTTON HARBOUR HOLDINGS\nSutton Harbour Holdings plc, the AIM listed marine, waterfront regeneration and destination specialist, is pleased to note the dismissal, by local government secretary Eric Pickles, of a planning appeal by developers Wharfside Regeneration for a £150m mixed use scheme for Plymouth's Derriford Hospital site. \nSutton Harbour Holdings has outlined its own proposal to develop the 113-acre former Plymouth Airport site. The dismissal of the Wharfside appeal effectively supports a report published earlier in the year by planning inspector David Nicholson, which ruled that the scheme could stifle investment in a district centre for Derriford and suppress economic growth.\nSays Sutton Harbour Holding's CEO Jason Schofield: \"This ruling adds further weight to the indicative plans we produced last year to develop the former Plymouth Airport site. The Council has stated that it wants to create a sustainable mixed-use urban centre at the heart of the North of Plymouth. This is exactly what our proposal delivers.\n\"We have included the development of a business park, education facilities, new district centre, commercial and retail units, an hotel, housing, a new public square, energy centre and a host of other innovations in our proposal. All of these would help generate a significant number of jobs and stimulate economic growth in the area for the benefit of the city as a whole.\"\nEnquiries:\nSutton Harbour Holdings plc\nJason Schofield - Chief Executive\nNatasha Gadsdon - Finance Director\n01752 204186\n \nArden Partners plc\nRichard Day\nJamie Cameron\n0207 614 5917 \n \nNewgate Theadneedle\nGraham Herring\nRobyn McConnachie\n020 7653 9850\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCZMGGRZRZGFZZ\n ","length":3320,"tagName":"div"}]