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Lowestoft mooted as site for new factory

PUBLISHED: 13:30 02 February 2009 | UPDATED: 22:20 05 July 2010

A PROPERTY developer is considering Norwich, Lowestoft and Yarmouth as possible sites for a new factory in a move that would create 200 jobs.

City Living Developments said it was considering sites in East Anglia and the Swansea area for the new factory, which would manufacture modular buildings.

A PROPERTY developer is considering Norwich, Lowestoft and Yarmouth as possible sites for a new factory in a move that would create 200 jobs.

City Living Developments said it was considering sites in East Anglia and the Swansea area for the new factory, which would manufacture modular buildings.

Chairman Garry Coaley said there was a “good chance” a site in Norfolk would be chosen as it was close to four of the firm's major projects, including the £120m St Anne's Wharf development.

“I've got a house in Norfolk so there's a strong chance of it benefitting,” Mr Coaley said.

“We're also looking at Great Yarmouth and Lowestoft but there's a better skills base towards Norwich. And generally speaking Norfolk is a nice place to be.”

The new factory would create a range of construction and administration roles, totalling about 200 new jobs.

The location is expected to be confirmed in the next two months.

The firm also revealed it was planning a “premium leisure resort” with a spa and golf course in Norfolk.

Mr Coaley said: “Modular building is becoming increasingly popular. Off-site quality controlled factory manufacture offers considerable cost savings and ensures a consistent and high quality finished product, whilst reducing on site times up to 40pc. It means that we can speed up construction times. We can now become much competitive by lowering the base price of units for hotel operators or home buyers, but maintain our margins and minimise exchange rate risk in a much tougher financial climate.”

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