Growing Business Fund grant helps deliver £40m investment at Sproughton
LDH (La Doria) is expanding its operation in Suffolk with a new, state-of-the-art logistics facility, part-funded through £500,000 from the Growing Business Fund.
The international company, a major supplier of Retailer Own Brand grocery products, is building a new distribution operation at Sproughton Enterprise Park near Ipswich.
The £40 million development will be the highest specification of its sort in the UK, including new technologies and workflow systems to enhance delivery times and productivity. The site will employ more than 100 people, with around 30 new jobs created.
In April, Babergh District Council’s planning committee approved plans for the development on the former sugar beet factory site, which was purchased by neighbouring Ipswich Borough Council in 2014.
The Growing Business Fund offers grants of £25,000 to £500,000 for businesses which want to grow and create new jobs.
More than 370 businesses in Norfolk and Suffolk, from SMEs to large established firms have used the fund to grow their business and the economy of the East. To date, more than £20m has been awarded through the fund, helping create more than 2,400 jobs and secure £160m in private investment.
Sproughton Enterprise Park is one of 10 sites which form New Anglia LEP’s Space to Innovate Enterprise Zone. The sites across Norfolk and Suffolk all offer discounted business rates, simplified planning and access to superfast broadband to new and expanding businesses.
The LEP aims to create 18,500 jobs in the 25-year lifetime of the zone, including 5,000 by 2021.
Paul Nicholas, the logistics director at LDH (La Doria), said: “The choice of Sproughton as a site to locate our new operating facility was a lengthy process and in selecting Sproughton Enterprise Park we are confident it will future proof our supply chain offering.”
• PHOTOGRAPH: From left – Babergh councillor Nick Ridley, LDH logistics director Paul Nicholas, IBC leader David Ellesmere and Chris Dashper of New Anglia LEP.