02.12.2011 - Will Double Dip Stifle Development Programme?

Despite the recent distressing news from the OECD (Organisation for Economic Co-operation and Development) that the UK has begun to slide back into a double-dip recession, Priory Asset Management LLP (“PAM”) has advised that their programme of building new Extra Care facilities is ploughing ahead.

It is feared that the collapse in growth will be accompanied by a fresh surge in unemployment next year. However, PAM is confident that subject to planning approval being given in early 2012, it will be able to tender the construction of its first development in Magull, NW England shortly after.

One of the missions of the Senior Members is to ensure that the local region benefits directly from jobs as a direct result of the development. Once appointed, the main contractor will be obliged to employ a percentage of the workforce from the region for the build phase. This will also include a number of new apprenticeships to be created from the locality. 

Stuart Grundy, Senior Partner commented, “Once the construction phase has finished, there will be the resulting work opportunities at the development. Not only for staff on site, but also local businesses who will need to form part of the supply chain, as well as contracted companies for the ongoing maintenance of the building and grounds. We are hoping to work with a number of local Social Enterprises as well and once planning has been approved, we will further explore these possibilities with local organisations and charities”

Priory Asset Management LLP is a forward thinking property development company which seeks out opportunities to supply new, environmentally minded and socially acceptable Extra Care, Respite and Dementia Homes which will dramatically enhance the localities where they are built.

Any press enquiries should be forwarded to Priory Asset Management LLP on 01983 297 075 or enquiries@prioryasset.com