Peel plans £100m cannabis production complex

Aaron Morby 3 years ago
Share

Developer Peel NRE has unveiled ambitious proposals to build a £100m medicinal cannabis research and production facility on the Isle of Man.

The facility will be built on  72 acres of land off Cooil Road in Braddan.
The facility will be built on 72 acres of land off Cooil Road in Braddan.

The proposals for the specialist science innovation and research centre follow a recent change in legislation to allow cannabis to be grown on the Isle of Man and exported, as the island seeks to become a leader in the emerging medicinal cannabis sector.

Peel NRE’s planning application will include detail for the first phase of the development, including two units for the cultivation facility as well as an access road, engineering works and preliminary landscaping. 

Garry Stewart Design Associates is the architect for the scheme.

Its plans include a sustainable energy park with a solar farm generating 11-14MW to help power the site

Located at the corner of Cooil Road and the A5 (New Castletown Road), the proposed development will help the Isle of Man develop home-grown talent that will contribute to cutting-edge research into cannabinoids for pharmaceutical uses.

Stephen Snowdon, Planning and Development Manager at Peel NRE, part of Peel L&P, said: “The Isle of Man Government is seeking to establish an innovation cluster on the island, dedicated to the production and export of cannabis-derived products serving the medicinal and pharmaceutical markets. 

“We are excited to bring our proposals forward to help to create a new export market, more jobs and attract a range of specialist scientific and research and development industries to the Island to support the local economy.”

A planning application will be submitted within the next two months to the Department of Environment, Food & Agriculture after public consultation. 

Latest news

Sir Robert McAlpine claws way back into profit

Firm says return to profit and strong cash balance validates new strategy
2 hours ago

Severfield to cut staff by 6% amid pricing pressure

Steelwork contractor warns of extended tighter pricing due to project delays
2 hours ago

JRL completes sale of 50% stake to Malaysian giant IJM

Deal boosts balance sheet and kicks starts growth plan
3 hours ago

Green light for £100m Liverpool Baltic station build

Enabling highway works to start in the autumn
20 hours ago

First live tests for flying construction robots

Drones can lay construction materials at height on site
2 hours ago

Three firms land £170m Gentoo Sunderland housing deal

PHS Solutions, Esh and RE:GEN to deliver 10-year home upgrade plan
21 hours ago

Gateway gridlock hits build-to-rent delivery as starts nosedive

Build to rent starts plunge 18% in the capital
1 day ago

Call to shift Gateway 2 checks to end building bottleneck

"The current system isn't working but we all want to see safe buildings"
1 day ago

GBN launches £600m bid race for SMR engineer roles

Owner engineers to provide technical and assurance services
1 day ago

Wates hires ex-Homes England chief to head public sector push

Robert Stone to spearhead its public sector and national frameworks strategy
1 day ago

Acheson Construction collapse costs suppliers £8.5m

One frustrated creditor seized a telehandler after contractor went into administration
2 days ago

Dominus wins go-ahead for 173-bed Glasgow scheme

Old Wynd Street job expected to cost around £25m to build
2 days ago

Safety Regulator misses deadline to clear Gateway 2 backlog

Investors pulling out of funding high rise buildings
2 days ago

CITB still sitting on £95m cash pile

Staff numbers jump from 666 to 763 as training body wage bill soars
2 days ago

£500m road surfacing framework market call

NEPO goes out to consultation on north east regional highways deal
2 days ago

Two share £220m Scottish rail repairs and minor works deal

AmcoGiffen and CPMS win civils and building repair deals
2 days ago

Builder wanted for £60m London leisure and flats job

Tower Hamlets aims to replace St George’s Leisure Centre in Shadwell
2 days ago

Contractor confirmed for business park expansion

Roe Developments to start on next phase of Castle Donington scheme
2 days ago

Driver escapes injury as scaffold collapses onto van

Major three-lift scaffold fall blocks north London high street
1 week ago

Gilbert Ash to be sold to staff

£267m turnover contractor to transition to an Employee Ownership Trust
1 week ago

M Group seals biggest-ever deal with Telent takeover

Digital infrastructure specialist deal lifts turnover to £3bn
1 week ago

Aggregates firm Ashville went down owing more than £3m

Debts revealed in Companies House update
1 week ago

Cardo saves 100 jobs at Breyer roofing arm

Private equity-backed Welsh maintenance group continues to expand
1 week ago

Excavator knocked off lorry going under bridge

Traffic Commissioner inquiry after accident in south London
1 week ago

Czech energy tycoon buys UK’s biggest rebar supplier

Spanish offload Celsa UK operation to be rebranded 7 Steel UK
1 week ago

Caddick Construction targets £400m turnover

Regional shake-up pays off at contracting arm
1 week ago

Redrow chief steps down after Barratt merger

Matthew Pratt leaving after 22 years
1 week ago

United Living names new property services senior team

New CEO and COO appointed to lead growth in housing upkeep and retrofit
1 week ago

Wynne triples turnover in three years to over £90m

Five-year growth strategy pays off
1 week ago

Speedy Hire blames Budget for branch closures

National Insurance rises accelerate closure programme
1 week ago

Contractor services