Siemens earmarks Teal Park for move
Engineering giant Siemens has said it is “likely” to relocate part of its operations to a new business park in Lincoln. The company has confirmed that it wants to move its turbine servicing department to offices and workshops at Teal Park.
Although no formal agreement has been made, Siemens anticipates building work on its new site will begin in the middle of next year and will be completed by summer 2012.
In October last year, Siemens shelved plans to transfer some of its operations to the business park following a major restructure of the business.
The company said it is now ready “to press ahead” with a smaller-scale relocation.
If the relocation goes ahead, 540 employees will be transferred from the company’s city centre sites. The 900 employees in the new turbine business would not be affected.
The 80-acre Teal Park development was given planning permission by North Kesteven District Council in July this year. The outline planning approval by the council allows for the development of industrial, office and warehousing units as well as a pub and hotel.
Once completed, it will be the largest business park in Lincoln.
Paul Wheatley, head of economic regeneration programmes at Lincolnshire County Council, said: “Lincolnshire County Council has had ongoing dialogue with Siemens on their potential part-relocation and is pleased that Teal Park remains their favoured site.
“We welcome any relocation that retains the company within the area, due to their importance to our local economy, and will continue to support them however possible.”
North Kesteven District Council’s leader, Marion Brighton, OBE said: “The development of Teal Park is a huge boost that ensures sufficient employment land in this key location within the district and adjacent to Lincoln for the next 10 to 15 years.
“Teal Park has a much broader strategic importance than just to the immediate Greater Lincoln area, but has the potential to provide for 4,000 jobs directly, in addition to those through the construction process, and to draw regional investment to the area.
“Quite apart from the delivery of great employment potential the significant road improvements allied to the application are to be welcomed in their own right.”
The business park will generate an estimated 4,000 new jobs in the region.
