THE Chancellor of the Exchequer was today challenged to come to Hartlepool and see the excellent standard of business which is setting up in town.
The invitation came from Peter Candler, managing director of Rivergreen Developments which owns the Rivergreen Business Centre on the Queens Meadow Business Park – part of the town’s Enterprise Zone.
There are businesses in this centre that are doing very well. They are companies that are doing things which are not the smoke stack stuff of the 50s and 60s. They are using the latest technology.Peter Candler, Rivergreen Developments
He spoke out after Hart Biologicals expanded into a second unit within Rivergreen which is now rapidly filling up.
Mr Candler also hopes another set of workshops could be built within two years to meet demand in Hartlepool. He wants more firms such as Hart Biologicals, which specialises in making the reagents used to investigate the blood clotting function in patients, to get the chance to flourish.
But to achieve that, it would need Government support for gap funding (the amount of money needed to fund the future development of a project), said Mr Candler He believes the Government could be persuaded to invest if it saw the excellent standard of business starting up.
He added: “If you look at the rental levels here, they are at a level which still requires a subsidy gap. We need support.
“I have been saying for a while we should get the Chancellor here and see what impact the Enterprise Zone can have, and what the quality of the businesses are like.
“There are businesses in this centre that are doing very well. They are companies that are doing things which are not the smoke stack stuff of the 50s and 60s. They are using the latest technology.”
Mr Candler said that, if the Government was serious about supporting the North East economy, “they are going to have to do something.” He said he was always confident that Hart Biologicals would do well as “the quality of the product would attract quality business.”
Hart Biologicals is creating new jobs including Research and Development (R&D) scientists – as part of its expansion plans at Rivergreen. It brings the total number of jobs being created at Queens Meadow to over 150 since it was granted Enterprise Zone status over two years ago.
Earlier this year, Mr Candler told the Mail that more business space could be built and said: “It is certainly something where there is a very clear intention.”