Advertisement
News

Monaghan based company announces £150m investment plans

Jan 10, 2023 17:14 By News Northern Sound
Monaghan based company announces £150m investment plans
Share this article

The company has also set up an off-site manufacturing unit to service construction projects in Ireland, the UK and mainland Europe.

Errigal Group has today revealed plans for a £150 million investment to redevelop and extend the Enkalon Business Park in Antrim.

The Errigal Group, which is headquartered in Co Monaghan, close to the border with Tyrone, bought 70 acres of the former Enkalon site in 2019.

Located next to The Junction Retail and Leisure Park, the redeveloped business park is set to span more than 1.7M sq ft of warehouse and distribution space.

Advertisement

The Southern part of the site is currently home to several distribution centres including BathShack, Fastway and Sports Direct and the plans will see a number of these centres refurbished as well as over 900,000sq ft of new build space and a rooftop solar farm.

Once completed and operational, the proposed new development has the potential to create over 1000 jobs in the local area, plus another 200 jobs during construction.

Subject to pre-application discussions, which are due to begin on 24th January, this proposal represents a significant increase in floorspace and investment in the Antrim & Newtownabbey Borough and the wider sub region.

Advertisement

Cormac McCloskey, Joint Managing Director of Errigal Group said, “When it was first built, the Enkalon Business Park was one of the largest and most modern industrial parks in Europe and made a significant economic contribution to the local area. Our aim is to revitalise the site, restoring it to its former glory and bringing it up to date with the latest technology and design.”

The announcement comes on the back of the annual Northern Ireland Economic Conference, hosted recently in Antrim, where Antrim and Newtownabbey Borough Council’s Chief Executive, Jacqui Dixon outlined its ambitious plans for achieving £1Bn investment and the creation of 2500 jobs in the area by 2025. Errigal’s development plans will contribute significantly to these objectives.

Ideally located close to the M2, the park is likely to attract local and international businesses alike, and the potential economic boost for the surrounding area is considerable.

Advertisement

 Damien Treanor, Joint Managing Director, Errigal Group added, “Development of the Park will create 200+ construction jobs and an additional 1000 jobs for the local community once complete, we look forward to working closely with the council members and local stakeholders over the coming months to bring these plans to fruition.”

Errigal acquired the Enkalon Industrial Estate in April 2019 and since then, has carried out £2M of additional upgrade works. The site as it stands is fully leased to key tenants as warehousing, distribution and showroom space.

The site currently employs over 400 people across all the business units with the number projected to grow in 2023.

Advertisement

A community drop-in consultation will take place on Wednesday 15th February 2023, from 1:00pm – 7:00pm, at Holiday Inn Express, Ballymena Road, Antrim. Additionally, a virtual consultation will run from Monday 30th January – Friday 10th March.

Share this article
Advertisement
Advertisement

NorthernSound Newsletter

Sign up now to keep up to date with the latest news.

Processing your request...

You are subscribed now! please check your email to confirm your subscription.

Copyright © 2024 Northern Sound FM. Developed by Square1 and Powered by PublisherPlus