Following a £5.85 million finance package from HSBC UK – the overall sponsor of Birmingham Press Club - Dunston Business Village, a Staffordshire business park, is to build an additional 24 office units.
The business park, which is currently home to over 65 companies, secured planning consent earlier this year to add an additional 25,000 sq feet of office space. The new buildings will be ready to occupy in early 2019, with many already pre-let. The business park hopes to welcome a further 35 firms to the site in the next two years.
The loan follows Dunston Business Village’s switch to HSBC UK as its new banking provider.
Adrian MacLaughlin, managing director of Dunston Business Village, said: “Our ambition is to provide small to medium sized businesses with access to excellent office facilities in a community environment. There is a rich mix of innovative businesses in rural areas across the country and we’re delighted to be able to support those in Staffordshire with the space they need to prosper.
“The support from HSBC UK and our Relationship Manager, Sharon Coles, has ensured we can continue to welcome new businesses to our site and invest in improving our amenities.”
In addition to the new office units, Dunston Business Village has invested in a new bistro and café complex to promote greater collaboration and integration between businesses based on the site.
Dan Wright, HSBC UK’s regional head of Real Estate, said: “Dunston Business Village is an example of how our rural communities are continuing to drive business growth outside of our major towns and cities, so we were thrilled to be able to welcome the business to HSBC UK. Adrian has an ambitious vision for the site and we look forward to supporting him in his expansion efforts.”
Dunston Business Village has become home to a number of front-line technology companies that specialise in everything from back-end integration to car finance software.