FARMING co-operative ANM Group has announced its plans to invest £4 million in the extension of Thainstone Business Park in Inverurie.

The extension plans will see the existing Thainstone Mart and business park enhanced with the addition of new office buildings and parking while creating an estimated 500 jobs.

The farming, food and finance group has pledged to hire local suppliers for the development of the business park, the plans for which met opposition over claims it breached Aberdeenshire Council’s local development plan.

“Change can often be met with apprehension, but knowing we have the continued interests of the community at heart, we hope everyone will share our enthusiasm for this new chapter in our history,” said Pat Machray, ANM Group chairman.

“We are proud of our strong history at Thainstone, and it is vitally important to us that we do not to jeopardise the legacy we have created in any way. We want to be a good neighbour, and we are taking steps to ensure that the new business park will be extended sympathetically in line with the current landscape by working collaboratively with our current tenants, the local community, and relevant authorities.”

Pending approval from Aberdeenshire Council, work is due to commence later this year with the first building due for completion in early 2018.