Warehouse buildings to let in Bristol benefit from green light given to major transport schemes

Two major transport schemes for Bristol were announced today by Chancellor George Osborne as part of his Autumn Statement.

The £50m Ashton Vale to Temple Meads link and the £45m South Bristol link which are both badly needed form part of a three-year £5bn package of 500-plus infrastructure schemes unveiled by the Chancellor.

This green light is excellent news for warehouse and distribution premises as it will encourage investors and businesses to move to the area as the transport possibilities are widened. Increasing the demand for buildings which are already greatly sought after.

Bristol City Council is confident a third scheme, linking the North Fringe with Hengrove, will be approved later this year along with other schemes in Weston and Bath.

Cllr Tim Kent, the city council’s executive member for transport, said the schemes would promote Bristol to the ‘big league’ of cities.

The Ashton Vale to Temple Meads Line will be funded by £35m from the Department for Transport and £15m from Bristol city council and a third party. Construction work could start in June 2013 and finish by July 2015.

The South Bristol Link will be funded with £28 million from the Department of Transport, with £17m from Bristol City Council and a third party. Construction is likely to start in May 2014 and finish in May 2016.

“Bristol is about to enter the big leagues with the kind of public transport network that attracts new players and unlocks new areas for improvement and growth, which is powerful news for local business and local people. It also demonstrates the strength of our cross council working.”

The future is looking bright for manufacturing and warehouses premises as new investors and businesses move in.

Source: Bristol Business News