Jobs hope as BAE announces plans to sell Brough site
HUNDREDS of jobs could be in the pipeline after defence company BAE Systems revealed it was close to selling its Brough site to an offshore investment fund.
The aviation giant says it is working closely with Bridgehouse Capital to develop the site at Brough, which employed a 2,000-strong workforce until a few years ago.
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BAE Systems at Brough
The development of the site could bring welcome jobs and a boost to the local economy after hundreds of skilled jobs were lost at the BAE plant in the past 18 months.
A BAE spokeswoman said: "BAE Systems has entered into a development partnership with Bridgehouse in relation to a number of sites across the UK including Brough.
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"The agreement to purchase land and facilities on the Brough site will see both parties work together to deliver redevelopment plans – including delivering local employment and economic benefits.
"This strategic real estate partnership blends BAE Systems Real Estate Solutions 20 years' experience of delivering transformation projects for the company with Bridgehouse's extensive global commercial real estate development and regeneration experience."
BAE said it is still keen to be involved in the Brough site.
The spokeswoman said: "BAE Systems is committed to maintaining a long-term presence at Brough and we will continue to support the Humber Enterprise partnership in attracting other companies to the Brough Enterprise Zone in order to help stimulate economic growth and employment within the area."
6 Comments
by Woodhey
Tuesday, March 12 2013, 7:43PM
“Marmadukelad. I agree entirely with your statement as per the scenarios you describe.
What myself and John are wanting to know is why it has all gone quiet about those 700 jobs.
It was shouted from the rooftops by the councillor when interviewed on television, but unless i blinked and missed the big announcement, nothing seems to have been confirmed.”
by Marmadukelad
Tuesday, March 12 2013, 7:29PM
“John and Woodhey. First it was Steve Brady who made the announcement.
Second, potential companies wanting to invest, have their own agenda and take not one blind bit of notice of people writing on here.
When they are ready they will put their money down and get cracking
It a bit like buying a house, you look. You investigate, you get your legal people involved, you put a provisional offer forward, you sit down and negotiate and then you buy.
It can take years when spending millions
It is not like going out to buy a tele.,”
by john0906
Tuesday, March 12 2013, 4:41PM
“Yes Woodhey I am with you on this one
Councillor Geraghty was hoping to make the announcement a week last Monday about 700 hundred jobs (just the day after the council leader made 650 redundent). I have been looking out for further news on this but oops there flies another pink elephant”
by Woodhey
Tuesday, March 12 2013, 3:56PM
“Never mind the jobs potential in Brough, I am still waiting for the meat on bones announcement of those 700 jobs in Hull we were promised for last week.
Or did I miss it?”
by AdPotentia
Tuesday, March 12 2013, 3:40PM
“An offshore inestement fund...? Tax dodgers?”
by Kenny2010a
Tuesday, March 12 2013, 12:48PM
“Ten year lease then goodbye.”