AROUND BRITAIN
R&D
ATTRACTING high-value R&D investment is a fundamental aim of Enterprise Zones such as Science Vale in Oxfordshire. Covering areas like green technology, advanced materials and engineering, space, medical technologies and cryogenics, the zone will consist of two of the UK’s biggest science and research business parks – Harwell Oxford and Milton Park – and also aim to generate up to £10.5m of additional business rates a year.
Invest in Oxfordshire’s Dave Waller says: “The Enterprise Zone signals Oxfordshire’s ambition to add to its existing unparalleled R&D base to build a wealth of innovative and high-growth businesses. “Key to this will be attracting
international investment and we have already had a number of enquiries from businesses considering relocating.” The Hereford Enterprise Zone has enjoyed a similarly encouraging start. Focusing on aerospace, defence, advanced engineering, green technologies and food processing, it was recently visited by Prime Minister David Cameron and is in discussion with a number of potential investors from overseas markets. “These are very exciting times for us,” comments Ray Stone, vice chair of the Hereford Business Board. “In particular, we have had two strong
expressions of interest from Eastern European manufacturing companies and are working with a number of fi rms in the US.”
“ THE ENTERPRISE ZONE SIGNALS OXFORDSHIRE’S AMBITION TO ADD TO ITS EXISTING UNPARALLELED R&D BASE TO BUILD A WEALTH OF INNOVATIVE AND HIGH-GROWTH BUSINESSES”
AIRPORTS FAST FACTS
24 HAVE BEEN APPROVED ACROSS ENGLAND.
ENTERPRISE ZONES
A further four have been approved by the Scottish Government and seven in Wales
30,000 NEW JOBS BY 2015 are expected to be generated as a result of cheaper business rates, superfast broadband and lower levels of planning control
£100m CAN BE CLAIMED WITH 100 PER CENT ALLOWANCE
UP TO for plant and machinery
investment for companies locating in six assisted areas, between April 2012 and March 2017
TWO ENTERPRISE ZONES, in Manchester and Newquay, are supporting the expansion of business clustering around the local airport. John Atkins, programme director for the Manchester Airport Enterprise Zone, says: “The site is probably in the best-connected location in the north of England in terms of its ability to attract internationally oriented companies. We see it as competing with the likes of Amsterdam, Barcelona, Berlin, Frankfurt and Munich. “We want to shift the airport away from just being a transport hub into being a business destination, creating 20,000 additional jobs. Major successes include Etihad Airways, which recently decided to locate its contact centre in the Enterprise Zone after reviewing countries and cities throughout Europe.” ■
TO FIND OUT MORE ABOUT THE NEW Enterprise Zones, contact Tony Dewick on 020 7215 8673 or email
tony.dewick@
ukti.gsi.gov.uk
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