The new facilities will be used for the building of the new Oyster 495 yacht.
“With several Oyster 495s already sold, investment in this dedicated production facility fits seamlessly with our growth strategy,” said Oyster owner and CEO Richard Hadida. “We have great plans for Hythe Marine Park, this location is already a centre of excellence for boat building, and it is the ideal location for our expansion of Oyster.”
The expansion will see Oyster Yachts increasing its existing facilities by 70%, and to accommodate the expansion, the boatbuilder will increase its south coast workforce by a further 70 employees.
The move into the new premises is being overseen by Oyster’s newly appointed chief operations officer, Peter Hamlyn.
“The Hythe facility will allow us to exploit production of the 495 in innovative new ways, combining new technology to complement our industry leading quality and hand finished craftmanship which Oyster is world renown,” he said.
“This commitment is a huge boost for the local boat building community which will see further investment and job opportunities from a world class boatbuilder like Oyster Yachts.”
The expansion follows on from growth at Oyster’s manufacturing facilities in Wroxham, and the creation of a specialist technology centre in Ashmanhaugh, both in Norfolk.
The new base is known locally as the Admiralty Shed or the Flying Boat Hangar, and produced sea planes for World War 1, before becoming a key facility for Vickers Supermarine and later the maintenance base for the pioneering Empire flying boats.
More recently it saw the production of the test boats for the 2017 America’s Cup campaign and Alex Thompson’s 2020 Vendee Globe racing yacht.