The proposals which follow a recent change in the legislation of cannabis production and exportation on the Isle of Man would bring inward investment to the Island and create a once in a generation opportunity for the Island 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.
Peel NRE is asking members of the public to engage with us during its public consultation to help shape the plans before an application goes to the Department of Environment, Food and Agriculture later this year.
Located at the corner of Cooil Road and the A5 (New Castletown Road), this flagship scheme will create new, high quality technical jobs, bring further economic opportunities and deliver investment to the Isle of Man that will unlock partnerships across the public and private sectors.
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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. By incorporating and building on innovative technologies found in cannabis facilities across the world, the development will set a gold standard for the burgeoning cannabis industry, enabling the Island to lead the way on medicinal research and cultivation best practice.
The multi-million-pound development will represent a major investment in the Isle of Man, bringing economic opportunities to the local supply chain from the construction to operational stages. It will generate high quality technical jobs by establishing a destination for science and technological excellence showcasing the Island’s innovation and capitalising on the global growth in the sector.
Stephen Snowdon, Planning and Development Manager at Peel NRE, part of Peel L&P, commented: "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.
"With 20 years' experience of delivering transformational projects across the UK and extensive knowledge of the Island, we’re in a strong position to support the Isle of Man Government to achieve success in this emerging growth industry and we invite the public to have their say on these plans."
