6 ISSUES FOR JUST £6 Subscribe to Business & Professional Life today CLICK HERE

Ecotricity’s Eco Park proposal could plug almost all the £3m funding gap facing Stroud District Council by 2020

PUBLISHED: 15:57 19 April 2016 | UPDATED: 15:57 19 April 2016

Dale Vince

Dale Vince

Archant

Leading independent property consultants, Alder King, have carried out the study for the Eco Park project at junction 13 of the M5 motorway, and found “the proposed new development could generate annually around £2.7m in extra business rates” for Stroud District Council (SDC).

The extra potential income for SDC could be a significant boost given the council is forecasting a substantial funding shortfall by 2020.

By 2020, local councils will retain 100% of the money they raise in business rates. However, despite this change and a forecasted incremental increase in Council Tax revenue, the SDC has forecast a funding shortfall of £3m in 2020, which would swallow up the council’s reserves in just a single year.

Dale Vince, Ecotricity founder, said: “Eco Park has got a lot going for it already, and many people are excited about the potential combination of new business and sports facilities, as well as the potential transport, canal and ecological improvements.

“This latest study adds a new dimension – Stroud District Council is facing a huge funding shortfall, which Eco Park could pretty much plug. That’s a serendipitous twist, and it gives the council a good hedge against austerity come 2020.”

Eco Park is a proposed 100 acre sports and green technology centre located by Junction 13 on the M5 – half the development is dedicated to creating state-of-the-arts sporting facilities, including a new stadium for Forest Green Rovers, while the other half comprises a green technology business park capable of creating up to 4,000 jobs.

Stroud District Council is currently considering Eco Park for outline planning approval.

It will be a place where green businesses and technology companies come together and share ideas: a real focal point of creativity and innovation for the area and a part of the green industrial revolution that’s beginning to take off around the world. The intention is that Eco Park will be a centre for local sports and sports science, all built around the new FGR stadium. The initial plan also includes public access to a wide variety of health and leisure activities, allowing people in the Stroud District and beyond to use the facilities and equipment.

The opposite part of Eco Park will comprise a green technology business park with sustainably built commercial offices and light industrial units, giving Eco Park the potential to create up to 4,000 jobs. The final element of the proposal is a nature reserve located on the west side of the M5. The overall concept also includes the potential development of a public transport hub, including a Stroud Park and Ride, and will also see Ecotricity help with the restoration of the Stroudwater canal under the M5.

If you’d like any further information, get in touch with us on ecopark@ecotricity.co.uk

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Cotswold Life visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Cotswold Life staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Cotswold Life account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

More from Cotswold Life

Yesterday, 15:59

From festive light switch-ons and Santa’s Grottos, to Victorian Christmas Fayres and late-night shopping, we’ve covered what’s on in and around the Cotswolds this season

Read more
Yesterday, 15:42

Property prices across Gloucestershire and the Cotswolds have risen steadily over the last few years, reflecting the trend across the country. But which area has shown the most dramatic hike in prices recently, and how does your postcode and house type compare with others in the area? You may be surprised to see the results...

Read more
Yesterday, 11:43

Wine Wednesday’s with Vintopia of Tetbury.

Read more
Yesterday, 10:37

Festive a la carte menu launches in Grey’s Brasserie from 26th November.

Read more
Yesterday, 09:31

Cotswold Life readers enjoy a complimentary glass of wine with our compliments when joining us for our Autumn Feast Lunch Offer.

Read more
Tue, 15:01

Harnessing the power of social media, charity awards and dreaming up new projects - it’s all in a day’s work for Gloucestershire children’s charity Pied Piper and its corporate supporters

Read more
Tue, 14:24

The fifth edition of the annual awards will be taking place from 6pm on Thursday, November 16 at the Tree Tops Pavilion, West Midland Safari Park

Read more
Tue, 14:15

“Joining forces with Advanced Insulation brings a significant benefit to Isoremov, the Brazilian insulation market and our potential for future growth.”

Read more
Tue, 13:58

“We are delighted to have achieved another strong set of results in this highly-respected independent guide.”

Read more
Tue, 13:45

An expert from accountancy, investment management and tax group Smith & Williamson is speaking at a major event in Gloucestershire this month which will put the spotlight on the housing crisis

Read more
Tue, 12:27

The Cotswolds’ very own Prince of Wales turns 70 this month, so we looked back on some of the highlights of his life and career, and wondered what birthday pressies we would buy for the man who has the world at his feet

Read more

The Warwickshire town of Alcester is considered one of the best understood Roman settlements in the country. Tracy Spiers digs below the surface to discover its hidden jewels

Read more

Thanks to the impact of ground-breaking comedy This Country, the quiet market town of Northleach has become one of the Cotswolds’ hottest film locations. Katie Jarvis is sent to investigate

Read more
Tue, 12:01

After a new home in the Cotswolds or looking to relocate within the region? We bring you 16 of the best housing developments in the area

Read more

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

Topics of Interest

Food and Drink Directory A+ Education

Subscribe or buy a mag today

subscription ad

Local Business Directory

Property Search