Ventcroft deal signed as land acquisition plans progress
Halton Borough Council has reached an agreement with Ventcroft to acquire the company’s premises on the Astmoor Industrial Estate for an undisclosed sum.
The deal is the latest step forward in the council’s land acquisition programme as part of the Mersey Gateway Project.
Ventcroft Ltd is the UK’s largest independent manufacturer of the Fire and Security Products. The company supplies high quality cable and electronic products to a global client base in over 50 countries worldwide.
Founded in 1989 and based on the Astmoor Industrial Estate in Runcorn, it currently employs 48 people.
David Parr, Chief Executive of Halton Borough Council, said: “This is an ideal solution as it will allow the Mersey Gateway Project to progress, achieve the relocation of the Ventcroft business and keep the jobs in the borough.”
He added: “The discussions with Ventcroft have been lengthy as this has been a complex relocation. We have had a series of extensive meetings with the company and its representatives and are delighted that we have been able to resolve this issue so everyone is satisfied.”
The council is continuing to negotiate with other parties over the acquisition of other land that is required to allow the project to proceed.
As part of this relocation strategy, the council is looking to identify potential relocation opportunities that could accommodate businesses displaced by the Mersey Gateway proposals. A potential site, currently in the council’s ownership, at Johnsons Lane in Widnes is currently being considered as a site for businesses that need to relocate.