Approval to spend £915,000 on the final phase of a food park being built in Peel will be sought at next week’s Tynwald sitting .
Environment, Food and Agriculture Minister Phil Gawne will tell the Court that it will provide a further valuable boost to the economy.
‘By providing a centre of excellence for the food production industry, the opportunity exists to maximise the industry’s contribution to the Isle of Man’s economy,’ he said.
DEFA and the Department for Economic Development (DED) are creating the £2.9 million centre of excellence on DEFA owned land at Mill Road Yard.
Phase one was approved by Tynwald in spring 2012 and is up and running. Phase two was given the go-ahead in May 2013 and construction is due to be completed next month.
The final phase would create three new vacant plots that would house 1,220 square metres of industrial units and would see utilities and roads in the already occupied southern half of the Park improved.
Seventy jobs have already been created at the park and it has been estimated that, once it’s complete, this number will rise to 125.
The DED – which has identified the development of the Food Park as a key priority – has awarded grants to companies expanding on the site and there is already keen interest from producers in occupying phase three, Mr Gawne said.
The final work is due to be completed solely by Manx workers, worth an estimated £290,000.
Mr Gawne said: ‘This long term commitment to the food park and the investment by the Government into the project will reap dividends for the industry.’