Marshall plans major new development


26-11-2012

Marshall of Cambridge owns 125 acres of land in Cambridge, which is not part of the Airport, between the north of Newmarket Road and High Ditch Road. The Company will shortly be submitting a planning application for commercial and residential development on this land. This could include 1,500 homes, a school, a commercial hub, a new petrol filling station, playing fields and open space amenity land.

This development will enable the Company, over a number of years, to modernise and improve its existing manufacturing facilities.

As part of the process for this planning application, the Company will be hosting a three day design workshop in early January, which will provide an opportunity for representations from all stakeholders, including the relevant planning authorities, Marshall employees and the general public, in order to develop a master plan.   

Group Chief Executive, Robert Marshall said: “Since our foundation in Cambridge in 1909, Marshall has been a cornerstone of the local community and we are very proud of our contribution to the skills base and the creation of employment which has been of benefit to the local economy.  We are also very aware of the shortage of good quality housing to support the needs of Cambridge’s growing economy, and our employees.  This long term project represents the start of an exciting period of investment in the growth of our businesses.”

 

Notes

Studies were undertaken between 1999 and 2011 to determine whether it was practicable for Marshall of Cambridge to relocate its aviation businesses elsewhere, to enable housing development to take place on the Cambridge Airport site.  These studies, which were completed in 2010, clearly showed it was neither practicable, nor desirable, for such a move to take place and in January 2011 the Company announced that it would not be relocating the aviation business; this remains the case today. As a result of this decision to remain in Cambridge, the Airport is now being developed in line with Government policies and it has an important part to play to help to secure and increase employment in the local area.  This includes supporting existing and new businesses in the region and, in particular, those with global links. Part of the Company’s investment in the airfield includes in 2013 a major runway refurbishment valued at £20M.

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For further information contact:                     
TERRY HOLLOWAY

Group Support Executive

The Marshall Group of Companies

The Airport, Newmarket Road

Cambridge, CB5 8RX
                                                                    
Tel: 01223 373227 (Office)./ 07785 316763 (mobile)
                                                                       
Email: th@marcamb.co.uk

                                                                      
www.marshallgroup.co.uk



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Founded in 1909, the Marshall Group has a turnover of £2.5bn and over 5,700 employees. Headquartered on a 900-acre site in Cambridge, Marshall has three principal arms to the business: Aerospace and Defence; Property; and Ventures.

Marshall Group