The new East Cowes marina will be developed by a consortium of Camper & Nicholsons and Westcourt Real Estate

TAGS:

A new marina is to be built in East Cowes as part of the regeneration of the Isle of Wight port town, it has been announced.

The project, which is expected to create 250 jobs in the area, will be led by a consortium of Camper & Nicholsons and Westcourt Real Estate.

The extra marina space has been made possible by the construction of the Cowes breakwater, the local harbour commission added.

Captain Stuart McIntosh, harbourmaster at Cowes, said: “The delivery of the Cowes Breakwater has required long-term vision and commitment from the commission and we are delighted to see that as a result, the new marina and waterfront development in East Cowes will soon become a reality.”

No specific timeframe has been set for the Victoria Marina project, but the Cowes breakwater construction will not be completed until the summer of 2015.

Paul Flatt, senior development manager at the Homes and Communities Agency, spoke highly of Camper & Nicholsons, which already runs an international network of 12 marinas.

“The proposals for a new marina are bold and ambitious and we need a development partner who shares this vision and has a track record of success.

“Camper & Nicholsons’ name has a strong historic connection to the Solent area,” he added. “This is an exciting opportunity to apply their extensive international experience in marina development and operation in the UK, on one of the remaining key pieces of the regeneration of East Cowes.”

The new East Cowes marina announcement comes just a few weeks after the Solent Gateways exhibition, a £15m regeneration plan from Homes and Communities Agency, Isle of Wight Council, Red Funnel, and Southampton City Council.