New deal struck for industrial heartland of Cornwall
Last updated: 25/05/2011
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A major breakthrough has been made to improve transport links
and stimulate the economy in the industrial heartland of Cornwall
following an exchange of conditional contracts between Cornwall
Council and the owners of South Crofty
Mine, Western United Mines
Limited.
Cornwall Council and Western United Mines
are delighted to announce a land swap deal that will allow a vital
new road link to be built and the relocation of surface mining
infrastructure including the development of a new Concentrator
building, where the ore will be extracted from the mined
material.
The agreement is crucial to the economic
regeneration of the Camborne, Pool and Redruth area and could see
over half a billion pounds of private sector investment in the long
term. The new deal could also bring the creation of up to 2,400
jobs and see 800 new homes being built.
Under the agreement Western United Mines
will move its surface mining operations at Dudnance Lane to the
South where its modern surface infrastructure will be built, which
will provide the opportunity to develop the East-West link road
through the existing site which will clear the way for
massive regeneration opportunities.
As part of the package, the Council will also
help fund site improvements, including clearing existing
buildings, as part of a wider scheme of regeneration that aims,
with funding support from the European Convergence Programme,
to transform the area over the next 10 years.
Carolyn Rule, Cornwall Council cabinet member
for Economy and Regeneration, said: “This is a landmark moment in
the regeneration of this industrial heartland of Cornwall. This new
agreement is an absolutely vital piece of the jigsaw in bringing
about the transformation of the area with new jobs and new
homes.”
Alan Shoesmith, Chief Executive of
Western United Mines,
said: “This deal represents the culmination of two years work with
Cornwall Council. It is a very exciting step forward in that
it paves the way for the development of the modern mine that we
have always planned for – as well as regenerating the whole
area.”
Bill Radmore Investment Director at CPR
Regeneration said: “This is a good demonstration of how
partnerships such as this with the private sector can both help
business thrive in Cornwall and deliver essential infrastructure
for the community.”
Story posted 17 May 2011