Second phase of Borders Innovation Park completed ‘ahead of time and under budget’
The second stage of the Borders Innovation Park has been completed “ahead of time and under budget”, councillors were informed this week.
Scottish Borders Council officers are now assessing six potential tenants aiming to move into the new unit at the Tweedbank, members of the council’s Executive Committee were told.
Phase two of the development delivers high-quality modern office and business space.
Costing £29 million, including contributions from the City Region Deal, SBC and South of Scotland Enterprise, the project is being completed in three phases.
It is stimulating business growth and associated job creation, enhancing the area’s inward investment offer, particularly to high-value sectors, and supporting existing businesses to improve their competitiveness and grow.
John Curry, SBC’s director of Infrastructure and Procurement, said: “The building is fully complete and we are currently marketing the unit and I think we have six active inquiries for that space, which is more interest than the space available, so we are going through that process with DM Hall to identify potential tenants. We are hoping to have tenancies agreed by Christmas.
“It’s ahead of time and under budget and I think it’s the only time I’ve been able to say that in my career, so it is a success story.”