yorkshire region |
ENTERPRISE ZONES – BUILDING FOR THE FUTURE A
vailability of industrial units across the country is a challenge faced by many
occupiers; and in Leeds City Region this challenge is being eased by the designation of over 230 ha of Enterprise Zone space. In April 2012, the first Leeds City Region
Enterprise Zone was agreed; now five years later not only has this 142ha of prime development land attracted household names including Amazon and John Lewis, but a second phase of Enterprise Zones comprising nine sites was launched this Spring to meet demand.
Developments and Wilton Developments. Looking to the future there will be a further 2.65m sq.ft of developed space on Gateway 45 Leeds and 45ha to develop at Logic Leeds. In addition to
Building One of Logic Leeds developed by Muse
Developments on the Leeds City Region Enterprise Zone
Over 211,500 sq.ft of space with
consent for B1, B2 and B8 uses alongside a new 1,000 space Park and Ride has already been delivered on the first Leeds City Region Enterprise Zone, which is located strategically at Junction 45 of the M1 and just minutes from Leeds city centre, by developers including Aire Valley Land (a joint venture between Evans Property Group and Harworth Group), Muse
the Enterprise Zone’s prime location, the sites also include further benefits for potential occupiers including tax breaks, simplified planning, Assisted Area status and Enhanced Capital Allowances. Following the
success of the first Enterprise Zone a second package of Enterprise Zones was established across the M62 corridor in April this year, featuring a further nine sites and 90ha of development land. These sites also offer great connectivity and a range of incentives for businesses looking to join the region’s supply chain – or benefit from being located among seven million.
A map showing the location of the Leeds City Region Enterprise Zones
positive period of economic growth for our region, and contributed to our GVA increasing to now over £64.6bn. It has been fantastic to witness the transformational impact the Enterprise Zones have had and I am excited to see the further opportunities they will deliver. I look forward to working with both public and private sector partners to deliver the potential of all our sites, to create good growth for Leeds City Region.”
What Occupiers say:
Kinetic 45 developed by Wilton Developments on the Leeds City Region Enterprise Zone
This focus demonstrates that the region
is continuing its tradition of creating economic success through reinvention. The sites within the first Leeds City Region Enterprise Zone have been transformed into a thriving area of industry that is now attracting attention from international investors and occupiers who recognise the opportunities provided by the sites fantastic location. Roger Marsh OBE, Chair of Leeds City
A map showing the position of Leeds City Region in the UK
COMMERCIAL PROPERTY MONTHLY 2017
Region Enterprise Partnership concluded: “The successes our Enterprise Zones have achieved to date have been mirrored by a
Keith Piggott, Managing Director of Perspex Distribution and Lucite International General Manager of European Sheet and Composites which located to a new 30,225 sq.ft premise on the Enterprise Zone last year commented: “Our location within the Leeds City Region Enterprise Zone is a fantastic base for distribution.”
Mark Robinson, director of Customer Delivery operations at John Lewis, which recently took up occupancy of a state of the art distribution centre at Logic Leeds commented that it “will allow us to successfully support our customers in the Leeds catchment and surrounding areas with the wide range of delivery, installation and assembly services we have on offer for our customers.”
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