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Birmingham Post
Birmingham Post
Business
William Telford

South West economic growth hindered by shortage of commercial development land

A shortage of land for commercial development particularly around Plymouth, Exeter and Torbay is hindering the South West economy, a property expert says.

Tim Western, director - business space at JLL, said the amount of land that could be used for job-creating projects is at the lowest level it has been in 25 years and is calling on local authorities to earmark sites for commercial development.

He said the problem is region-wide but acute in locations such as Plymouth, Exeter, Torbay and Teignbridge and said: “It’s hindering economic growth.”

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