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ECONOMIC GROWTH & EMPLOYMENT CREATION
What sectors will it target?
Private / Business Sector:
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Commercial space allocated on the east side of the development will be used for offices, providing for the economic growth in the area
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Being part of the Enterprise Zone the demand for office space on the new site will be high
Tertiary Sector:
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Further commercial space has been allocated on the site and is reserved for businesses in the service industry
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Alongside the public market, many shops will be included in the scheme to meet the needs of the community
What jobs will be created?
Retail jobs:
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Provision of commercial space for service industry businesses will create many new employment opportunities
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Hospitality:
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With the food stalls in the Millenium Mills Market, the site offers opportunities new culinary talent to emerge
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Corporate jobs:
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With many new businesses moving into the allocated office space opportunities for starting techs or creative sector employees could arise ​
Seasonal work: ​
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The new waterfront activities will require work over specific seasons
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This could be a great opportunity for young adults to work during the summer holidays
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Short-term opportunities:
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During the redevelopment of the site there will be many opportunities for work on construction and planning consultancy
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Maintenance:
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With the new services for the community, they will be required to be serviced properly to ensure their sustainability
How will it rebrand the area?
The vision for the development is to revitalise the Millenium Mills site. All the new services and activities which will come with the redevelopment will help rebrand the site whilst preserving the site's identity and heritage.
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Millenium Mills will become the next attractive public realm in London for people to spend their time in. This will bring in more traffic into the area and support the growing local economy.
Furthermore, the site will be part of the larger Enterprise Zone bringing in business.