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PERRY ON ECONOMIC BENEFITS OF NEW MONKS FARM

31 July 2017

Paul Hazlwood
Albion's executive director Martin Perry.

After Brighton & Hove Albion announced their joint planning application with housing partner CALA Holmes, executive director Martin Perry highlighted the tremendous economic benefits of the New Monks Farm regeneration.
 
He said, “These proposals will deliver a core part of the Adur Local Plan, providing huge economic benefits locally, and creating high-quality new homes, including a significant number of affordable properties.
 
"The project will bring good quality jobs to the area, with exciting prospects for career development.  It will enable further development at the airport, which will create additional employment opportunities, and help to ensure the long-term future of the airport."
 
 
Perry also says the development will create hundreds of new jobs in the Adur area - and the stadium, training ground and New Monks Farm development project will have created in the region of 2,000 full-time equivalent jobs in the Sussex area.

"What we also have to take into account is the hundreds of new jobs which the site will create from the new IKEA store, and from those in construction at the new primary school.

"In total we anticipate there being 430 gross full-time and part-time jobs being created, which also includes a number of local apprenticeship opportunities, helping younger people get into work. A further 330 jobs will be available in construction, and 114 will be indirect jobs coming from the school.

"Millions of pounds will be invested into the local economy, with £2.8 million in public sector receipts, which includes an increase in £1.1 million in council tax revenues, £186,000 in new homes bonus receipts, and £1.5 million in new business rates contributions each year.

"It is also estimated that the annual gross value of the Adur economy will increase by £11.5 million.”


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