A significant development in Queenborough sees Marine & Industrial Transmissions (MIT) becoming the fifth company to establish operations at the newly developed Walbrook Business Park. This move is set to create 40 jobs, further boosting the local economy and enhancing the business landscape of the Isle of Sheppey.
Key takeaways
- MIT will relocate to a new 2,000sqm unit at Walbrook Business Park.
- The business park is part of an £18 million investment project.
- The park has already attracted several notable companies, including Screwfix and Howdens.
- The development aims to support local employment and business growth.
Overview of Walbrook Business Park
Walbrook Business Park, located in Queenborough, is an ambitious project spearheaded by Tom Allsworth, founder of Medichem. The park is designed to accommodate a variety of businesses, with plans for 30 units ranging from 1,000 to 32,000 square feet. The project has already seen an investment of £12 million, with further developments anticipated.
The park aims to provide a modern and flexible working environment, catering to both local and national companies. The first two phases of the project have successfully completed 11 units across six buildings, with four additional units still under construction.
MIT’s relocation and its impact
Marine & Industrial Transmissions has been a staple in the local economy for over 50 years, currently employing around 40 people. The company provides essential technical support and spare parts for power transmission systems in the marine and industrial sectors.
Managing Director John Logue expressed enthusiasm about the move, stating, "We are delighted to announce our move which secures the employment of our current workforce here on the Island and allows us to focus on expanding the business." This relocation not only secures existing jobs but also positions MIT for future growth.
Other tenants at Walbrook Business Park
The business park has already attracted a diverse range of tenants, showcasing its appeal to various industries:
- Easylife Ltd: A catalogue retailer that opened in May 2023.
- ProXL: A Sittingbourne-based firm specialising in automotive paint products, which moved in April.
- Howdens: A furniture retailer that established its presence in July.
- IES Electrical Wholesale: Opened in February, focusing on electrical supplies.
- Screwfix: The latest addition, which opened in November, has reported trade exceeding expectations.
Future developments
While the current focus is on the completion of the remaining units, there are indications that further developments are in the pipeline. However, specific details have yet to be finalised. Allsworth remains optimistic about the park’s potential, stating, "Indications from both Screwfix and Howdens are that trade is above forecast, which proves that the Island is a great place for these types of trade companies to do business."
The establishment of Walbrook Business Park is a promising step towards revitalising the local economy, providing job opportunities, and attracting businesses to the Isle of Sheppey. As the park continues to grow, it is expected to play a crucial role in the region’s economic development.
