Ratio:Park, part of Finepoint in the South Kidderminster Enterprise Park, will offer 22 units between 960 sq ft and 4,500 sq ft and business owners have the option to purchase or let the plots.
The Enterprise Park is a key employment and regeneration area for Wyre Forest District Council (WFDC). Following the introduction of a Local Development Order to simplify planning and improve business activity, it has seen the delivery of a new education facility ContinU Plus Academy; a new warehouse and manufacturing hub for Oakleaf Commercial Services - part of the Community Housing Group - and new purpose-built offices for WFDC.
Those based at the park will also benefit from its connectivity through the close by M5/M42 and the recent opening of the congestion-relieving Hoobrook Link Road.
Julian Meredith, director of Chase Commercial, said: "We have a track record for delivering high quality, flexible unit sizes and tenure for SMEs that need a quality location.
"This collaboration between Chase and Colonnade follows the successful delivery of a similar development in Evesham. Ratio:Park will further strengthen this relationship and will see us provide the kind of scheme that Kidderminster has been crying out for."
Finance Birmingham has arranged development finance to support the project through the Growing Places Fund, managed on behalf of the Greater Birmingham & Solihull Local Enterprise Partnership (GBSLEP).
Nick Oakley, senior investment director at Finance Birmingham, said: "Ratio:Park is a prime example of a site that will support the work of the local authority to deliver on employment and regeneration, as well as one that will encourage the growth of enterprise in the Kidderminster area.
Finance Birmingham is delighted to be supporting Chase Commercial in the speculative development of this light industrial scheme. The location is excellent and these units will provide, flexible, quality new build accommodation for local SMEs."
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement