Is Thurrock Council about to gamble £50 million on land investment?

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SECRET plans for Thurrock Council to spend up to £50 million in purchasing and developing land are set to be discussed at a meeting of the ruling Tory Cabinet tonight (Wednesday).

YT understands that the land is close to Oliver Road in West Thurrock.

The agenda item states: “A unique opportunity has come to the market for a large parcel of land in West Thurrock which is strategically located within close proximity to the M25. It is suitable for commercial use and in close proximity to Purfleet, existing industrial units will need to be relocated.

“Acquisition of the site would support the wider regeneration of the area. It could also provide “lift and shift” space for businesses located in other industrial estates in Thurrock.

“The acquisition and subsequent industrial development of the site could result in 850 people being employed at the site, whilst generating in excess of 80 direct and indirect jobs during the construction period. This site would support the Council’s wider economic development objectives, creating new jobs and retaining businesses in Thurrock that would potentially relocate outside of the Borough.

The item is scheduled to be the last one on the agenda and may well involve both press and public being asked to leave the chamber.

YT asked Thurrock Council if we would be wrong to state that they could be investing as much as £50 million but they told us the information was “commercially sensitive”.

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