The new units will build on the success of Dunsbury Park as a prime southeast employment location with the added benefit to occupiers of freeport tax status.
The three units will total over 77,000 sq ft of industrial and manufacturing space and will be ready for businesses to move in from early 2023.
Occupiers can benefit from a generous package of Solent Freeport tax incentives which provide business rates relief for five years, 100 per cent capital allowance on plant and machinery, no stamp duty tax on leases and relief from employers National Insurance for three years.
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The three new units at the Portsmouth City Council-owned site will target the highest environmental standards with a BREEAM Excellent rating – only achieved on around 10 per cent of new development in the UK. Sustainable energy use is at the forefront of design across the campus and the new units will be fitted with PV panels and EV charging points.
Councillor Steve Pitt, Cabinet Member for Culture, Leisure and Economic Development at Portsmouth City Council, said: "Dunsbury Park presents a fantastic opportunity for businesses to take dual advantage of state-of-the-art industrial space and being part of the Solent Freeport cluster. This is the Solent Freeport’s first fully-functioning, construction-ready tax zone and these new units will unlock freeport opportunities for more businesses. Dunsbury Park is a vital asset for the area, generating millions of pounds of income for council services, creating thousands of local jobs and helping to provide long-term economic prosperity for businesses and their employees as part of the Solent Freeport."
