Ship breaker Able UK to invest £100m in Humber site
THE North East firm involved in the controversial "ghost ships" dismantling project has submitted plans to develop 1,300 acres of land on the Humber as part of huge expansion plans.
Able UK, of Billingham, is putting forward proposals for land north of Immingham on the south bank of the Humber estuary, where it says it plans to invest £100m in a sprawling industrial complex to include transport depots, warehousing, a business park and a hotel.
The development will also include road and rail links to Immingham port and the Humber Sea Terminal as well as a bioethanol plant, for which Able already has planning permission.
The firm has been at the site for 10 years, during which it has developed 200 acres – where vehicle storage specialist GBA currently stores up to 35,000 vehicles.
Able said the money for the 11-year scheme was coming out of its own funds as it was in relatively good financial health despite the recession.
It said the development would benefit from £1.5bn of investment in the area from incoming tenants and the creation of 5,000 jobs when it opens for business in 2020.