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ENTERPRISE M3 LEP TO INVEST £10 MILLION IN EZ³ ENTERPRISE ZONE E


arlier this month Enterprise M3 Local Enterprise Partnership (LEP) announced,


an exciting £10 million investment to accelerate the pace of development at the government-backed EZ³ Enterprise Zone. The announcement was made at a launch event in the atrium of Belvedere House, in Basingstoke. EZ³, The London and South Innovation


Valley, comprises three component sites totalling 40 hectares – Basing View, in Basingstoke, Longcross Park, near Chertsey and TechForest in Whitehill & Bordon. Commenting on the EZ³ and what it


means for the LEP area, Geoff French, CBE, Chair of Enterprise M3 said: “Achieving an enterprise zone status is a significant step forward for business growth in our area. With proximity to Heathrow, London and other key transport hubs, EZ³ will strengthen our capacity to attract more businesses, create jobs and build on our sectoral strength in digital and sustainable technologies.”


Keith Robson, COO, 5G Innovation Centre


viability of 5G technology.” Companies that locate in any of the


three EZ³ sites before 31st March 2022, could be eligible for 100% business rates discount - up to £275,000 over a five year period. The Enterprise Zone also offers a range other benefits to businesses, including: • High quality business support services across the Enterprise Zone


Enterprise Zone Partners Geoff added: “The £10 million


investment will be used for on-site infrastructure, including new build property, business support, skills, and technology. We will also ensure that eligible businesses have access to the 5G Innovation Center across all three sites, where they can explore the commercial


• Excellent transport links to the city of London, Heathrow and Gatwick airports, Southampton Port, as well as the M3 and M25 motorways


• Access to a highly skilled and talented workforce Exciting potential for R&D collaboration


with world class institutes - The Pirbright Institute, 5G Innovation Centre at University of Surrey, and The Institute for Cyber Security Innovation at Royal Holloway


University of London Support to help business access the


Government R&D tax credit scheme Access to global markets through


Department for International Trade The launch event was also used to


highlight the significance of 5G technology to businesses. Keith Robson, Chief Operating Officer of 5G Innovation Centre at the University of Surrey, spoke about the world leading capabilities in 5G technology currently available to businesses within the Enterprise Zone, as well as the Government’s new initiative to deliver end- to-end 5G technology test network in collaboration with three academic institutions. Keith said: “5G technology offers


unprecedented possibilities that will change the way we live and do business. The opportunities are enormous and we are proud to be leading the world in bringing such opportunities to life for businesses within and beyond the Enterprise Zone.” The successful bid for a multisite


Enterprise Zone, was driven by Enterprise M3 LEP in close partnership with Basingstoke and Deane Borough Council, East Hampshire District Council, Runnymede Borough Council, Hampshire County Council, Surrey County Council, Crest Nicholson, Aviva Investors and Homes and Communities Agency. EZ³ Enterprise Zone will create more


Mel Barrett Chief Executive, Basingstoke and Deane BC, Brett Trafford, and Geoff French, CBE, Chair of EM3 COMMERCIAL PROPERTY MONTHLY 2017


than 10,000 jobs, and attract over 130 new businesses to Enterprise M3 area. In addition, an estimated £115 million in revenues from business rates retention, generated over a 25 year period, will be retained and invested to drive growth in the local economy.


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