April 5, 2017
Regeneration Plans For The Redundant Former South Crofty Mine Site Land At Pool In Cornwall Take A Leap Forward
Henry Boot Developments Limited and Crofty Developments Limited have exchanged a 5-year Joint Venture Agreement to bring forward the regeneration of the surface land at the former South Crofty Mine site, in Pool, Cornwall.
This 12-acre site will provide a strategic gateway mixed use development adjacent to Dudnance Lane and Kerrier Way, the new section of the East West Link Road, within the Camborne Pool Redruth conurbation.
Landowner Crofty Developments has been patiently removing the obstacles to the regeneration of the site since Cornwall Council and the Mine owners reached agreement for Kerrier Way’s construction in 2012. National developer Henry Boot Developments will now be promoting the scheme to end users and undertaking direct development once all necessary consents have been secured.
The site is capable of accommodating 100,000 sq ft of development, which would see an investment in excess of £15million and create up to 500 much needed new jobs. In addition to this, a small part of the site, adjacent to the iconic New Cooks Kitchen Headframe, may be used for new Mine infrastructure proposed by Strongbow Exploration, the Canadian owner of South Crofty Mine, as part of their ongoing commitment to recommence mine production.
Julian Painter, Director at Henry Boot Developments comments: – “South Crofty provides a superb opportunity for retail, leisure, trade park and other roadside occupiers, in the heart of Cornwall’s largest population centre. We are delighted to be bringing forward this important regeneration site in partnership with Crofty Developments. Being self-funded Henry Boot Developments are able to progress occupier interest immediately, and we are already in discussions with several national retailers”.
Alan Shoesmith, CEO of Crofty Developments added: – “The opportunity created for the economic regeneration of Pool envisaged when I concluded agreements with Cornwall Council for the new road link in 2012 is now a step closer to reality. This is such an exciting joint venture and we are delighted to have forged a relationship with a property development company that has the credentials, track record and funding capabilities of Henry Boot. Both parties are totally committed to attracting businesses to Pool, creating jobs and boosting the local economy.”