Investing in Portsmouth

These plans will bring substantial investment into Portsmouth.

The development itself is a £45 million investment in terms of the cost of construction, land and transforming the old Matalan car park into a high-quality new office.

In the short-term, there will be benefits that come with construction – from employing contractors and builders to the positive impact they will bring to the city through their spending.

In the longer-term, the benefits will be far greater as the building is used for a flexible and hybrid type of working which means in the region of a thousand people using it and, by extension, using the city.

From the salaries of the employees based there to their lunch-time or evening spending in the city, there is a substantial economic benefit.

These plans offer the opportunity to use this redundant retail site to provide a positive boost for Portsmouth.