Covid-19 Pandemic Outbreak Delays Accumulate Capital’s Plans of Launching the £12M Doncaster Enterprise Park

Accumulate Capital

Accumulate Capital is an investment and property development firm dedicated to connecting their registered investors with excellent opportunities cropping up in property development so that they can deliver phenomenal projects with best-in-class return rates.

Accumulate Capital had recently announced that they are going to develop and launch the Doncaster Enterprise Park, which is a novel commercial development project aimed at serving the local small and medium-sized businesses.

This business park is designed to incorporate 79 Grade A starter units that can cater to the start-up and investment companies. After completion, the vast, 90,050-sq-ft Doncaster Enterprise Park will have the space to accommodate 344 people.

This project is estimated to have a gross development value of £12 million. Located around three miles away from the Doncaster town centre, this site is within easy reach of the UK’s five major motorways. Doncaster Enterprise Park is also very close to the Doncaster Sheffield Airport, Doncaster Railway Station, and the Humber Ports.

Accumulate Capital is going to finance and construct this new commercial development project. The construction phase of Doncaster SME Park is expected to create more than 200 new job opportunities.

Head of Commercial Projects at Accumulate Capital, Richard Craker said in this context: “It is more important than ever that we support SMEs across the north of England, who is too often overlooked by government and investors.

“Doncaster Enterprise Park reflects Accumulate Capital’s commitment to supporting the regional regeneration of Britain. This new development ensures local businesses are able to access modern facilities built to the highest standard – it will provide a real boost to the local economy.

First unveiled in March 2020, the project was launched with the backing of Doncaster Metropolitan Borough Council (DMBC), whose members include the Mayor of Doncaster, Ros Jones.

However, the planning and development of the project have now been hit due to the corona virus pandemic. Construction was scheduled to start by April 2020 and was expected to finish by May 2021, but the Covid-19 outbreak has stalled the progress.

Despite the crisis, Accumulate Capital is still optimistic as they are aiming to have the park up and running by the end of 2021.

Given the current scenario, Mayor Ros Jones has said that the borough will continue to adapt to the current changes as schemes like this can help to add to the town’s prosperity.

“It goes without saying that I am passionate about Doncaster and the health and prosperity of our communities,” Mayor Jones said.

“Generating employment opportunities both during the development phase and for many years to come meet one of the central pillars of our strategic plan.”

Richard Craker has said, “Our mission is to support the regional regeneration of the UK by providing local businesses with access to modern commercial facilities. Doncaster Enterprise Park is the first of many projects we have launched to fulfil this aim.

“Covid-19 naturally resulted in a delay to this project, but Accumulate Capital has remained committed to completing this development by Q3 2021. We know doing so will be vital in helping local businesses recover from the impact of the pandemic, particularly as so many consider their workspace options.

“We are proud to be working alongside Mayor Ros Jones and Doncaster Council. Their support and willingness to collaborate demonstrate the importance of private developers and public bodies working together to serve the needs of local businesses and communities.”

About Accumulate Capital

The team at Accumulate Capital has been providing service to the investment sector for a combined duration of 145 years. They follow a data-driven approach towards property investment and are overly selective while selecting investment opportunities.