A joint venture between New Anglia LEP, Great Yarmouth Borough Council and Yarmouth company Proserv will see the business move its 190-strong workforce to a brand-new site on Beacon Park, the flagship site on the LEP’s Great Yarmouth and Lowestoft Enterprise Zone. The building will be developed on a prominent site on the park and will be named Artemis House.
The purpose-built facility is being funded by £4.5m from Great Yarmouth Borough Council and a £1.5m loan from the LEP’s Growing Places Fund. Proserv, which provides bespoke technologies and services for the offshore energy industry, has signed a 20 year lease on the site and will invest £2m in fitting out the building.
Proserv approached Great Yarmouth Borough Council last year to discuss its ambitions to consolidate and grow its Great Yarmouth operation under one roof. It currently employs about 190 staff at three sites across the borough. Most of these employees already live within 10 minutes of Beacon Park, a growing hub for the energy sector and the largest site on the LEP’s Great Yarmouth and Lowestoft Enterprise Zone. The East of England is currently second largest centre for the UK energy industry.
Chris Starkie, managing director of New Anglia LEP, said: “This is an important development and we’re pleased to see work starting on site. As well as being a flagship building on our Enterprise Zone, it is great to secure the future of Proserv – a key energy sector supplier and employer – in Great Yarmouth.”
In a joint statement, the council’s political group leaders, Cllr Graham Plant, Cllr Kay Grey, Cllr Trevor Wainwright and Cllr Adrian Myers, said: “This exciting development and Beacon Park more widely are part of the borough council’s work with partners to support sustainable economic growth and unlock its benefits for communities. This is a genuine win-win situation for the borough. These important skilled jobs, which are mostly filled by local people, will now stay within the borough, supporting the local economy and prosperity, and Proserv can expand to create more local job opportunities for local people.”
News of the latest development comes at a time of strong growth for Proserv after the company recently secured over £12m in contract awards for its new-build, after-market and decommissioning services.
David Lamont, Proserv CEO, said: “This is great news for the whole of Proserv but especially the team in Great Yarmouth. Investing in this new facility firmly underlines our long-term commitment to Great Yarmouth and plans for growth in the area. Consolidating operations into a modern purpose-built site will make us leaner, more efficient and better placed to deliver for our global customer base, whilst creating capacity for future expansion. The centre will serve as a global hub and Centre of Excellence for our subsea communication and controls activities and ensures we remain at the forefront of our field.”