Junction Masterplan puts Tewkesbury business development on right track

A masterplan for business growth around Junction 9 of the M5 launched by Tewkesbury Borough Council has been welcomed by commercial property specialists at Bruton Knowles.

The area is already home to a number of big name companies including Porsche – where  ambitious blueprints for the development of the town were unveiled to business leaders.

Robert Smith from Bruton Knowles’ Gloucester office, who attended the launch, said the firm had been instrumental in helping Tewkesbury Borough Council to shape the Junction 9 economic development strategy.

He said: “The area around Junction 9 is an ideal place for growth – so long as the various constraints can be unlocked. Tewkesbury can offer massive growth potential going forward for the whole of Gloucestershire.”

He said the town was setting the pace in terms of attracting new businesses, linking the South West with the Midlands.

“We know the county is popular with start-up businesses and that start-ups have the highest survival rates in the county, exceeding national rates.”

Rob Weaver, Deputy Chief Executive of Tewkesbury Borough Council gave an update on business growth initiatives, Growth Hub development and launch of the council’s Economic Development Strategy.

He also outlined Gloucestershire Local Enterprise Partnership activity and information on funding for business growth.

Robert Smith concluded: “The Borough Council is determined Junction 9 of the M5 will become a major hub for  businesses and investment and we will be tracking developments with interest.”