Sherford land deal to unlock hundreds of job
A parcel of land at Sherford is to be acquired by South Hams District Council to help progress plans for a key Freeport tax site and unlock hundreds of jobs.
A local company is "interested in developing a logistics facility" on land at the edge of Sherford, which could create a base for skilled roles.
The plot has already been identified as one of three tax sites within the Plymouth and South Devon Freeport, with the land currently owned by the Sherford Consortium: a partnership between Taylor Wimpey and Vistry Group, which includes Countryside Partnerships, Linden Homes and Bovis Homes.
A decision is being made to enable South Hams District Council to acquire 19.5 acres of land to allow enabling works to get underway.
Plymouth City Council – as the accountable body for the Freeport – is using its processes to formally allocate £3.5m of Freeport Seed Capital Funding into the Capital Programme for the land acquisition.
Plymouth City Council leader Tudor Evans said: "This decision will help speed up the ground and preparation work needed on this allocated Freeport site to get it ready for development. In a nutshell, this means more jobs will be available sooner."
South Hams District Council's executive member for economic development, commercial strategy and governance, councillor John Birch, added: "This land acquisition will enable us to unlock the Freeport's Sherford site by at least a year, if not more, than what had originally been modelled within the Freeport's Full Business Case.
"This means we can support the Freeport's objectives of more jobs and regeneration activity for the South Hams quicker than planned."
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