A one-acre site on Direct 2, the 20-acre distribution and production park at Oldbury, has been sold by developers Severn Trent Property for the development of industrial workshops and offices to attract more small businesses to the area.
Evans Easyspace, one of the leading providers of starter units to the SME market which has acquired the site, is to build 29 units creating a total of 14,000 sq ft of industrial and office space on Direct 2.
Tom Stokes, managing director of Evans Easyspace, based in Leeds, said: "The space will be split equally between industrial and offices. There will be eight workshops from 700 sq ft to 1,000 sq ft, and 21 office suites between 200 sq ft and 500 sq ft .
"We hope to begin construction later this month and have the units available from October."
Nick Ford of DTZ, letting agents for Direct 2, said: "This transaction will lead to the development of much needed starter unit space for fledgling businesses in the Oldbury area where there has been a lack of such new accommodation for a long time.
"We hope that this scheme will help to strengthen small businesses and boost the local economy.
"There is a good level of interest in the remaining six acres at Direct 2."