news 5
Sapphire kicks off rate rebate scheme at Daedalus
The first company to benefit from a new business rate rebate scheme at the Solent Enterprise Zone at Daedalus has set up on the site.
Sapphire Aviation, which specialises in aircraft management and handling, has moved into three hangars at the former HMS Daedalus airfield at Lee-on-the- Solent and become the first company to benefit from Fareham and Gosport Borough Council’s business rate rebate scheme, which gives businesses significant reductions on business rates of up to £275,000 over five years.
A start-up firm, it will invest the money it saves in improving infrastructure and creating new jobs on the site. Managing director, Steve Ford, said: “We are very much poised for growth, which played a big part in our decision to set up at the Solent Enterprise Zone. As well as spending the money that would have gone into the rates system on the infrastructure on the airfield, the saving will allow us to invest in our future and play an important role in the regional business landscape.
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From left: Sapphire Aviation staff Dave Beach, Jennifer Cooke, Matt Ryan and Steve Ford (managing director)
“We’re in this for the long term and while we hope to create around 20 new jobs in the first instance, we have the potential to create hundreds in the future, as we grow. The nature of what we do means we’ll be engaging the services of other local businesses and contractors, creating a knock-on effect that could play an important part in the economic development of Lee-on-the-Solent and the wider area.“
Gary Jeffries, director of the Solent Local Enterprise
Cruises reach the Amazon
A boom in the cruise business means there is an even greater variety of destinations on offer, with a tour of the Amazon added to an increasing list departing from Portsmouth International Port.
Owned and operated by Fred Olsen, the cruise ship Boudicca (pictured below) has returned
to the city for her winter season, departing for South America and the Caribbean on January 5.
It is Boudicca’s third season based at Portsmouth International Port. The cruise company has been impressed by new facilities, including the terminal and access from London through the Hindhead Tunnel.
Partnership (LEP), which is responsible for delivering the Enterprise Zone, added: “The company is a great representation of the kind of businesses we are talking to about moving to the site – forward-thinking, technologically advanced and poised for growth.“
People approaching retirement should consider staying in employment longer to age more healthily . . .
Getting on the fast track?
At a steady pace you’re ticking along; accelerate slowly, you’re still in control; speed up too fast and the wheels can fall off. And it’s no different for SMEs . . .
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THE BUSINESS MAGAZINE – SOLENT & SOUTH CENTRAL – DECEMBER 12/JANUARY 13
www.businessmag.co.uk
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