Critical Facts on Enterprise Zones
Tees Valley Enterprise Zone
proposes a number of sites
across Tees Valley to focus on petrochemicals and renewable energy, primarily spread on both banks of Tees
estuary.The proposals support the creation of 137 new businesses and over 2,624 jobs, with additional business rate relief sites to be funded locally to further support the creation of 29 businesses and 360 jobs. This gives a total number of 166 businesses and almost 3,000 jobs by 2015.
The MIRA Technology Park in Hinckley has proposed a single site covering 87.5 hectares to focus on automotive, aerospace, transport, defence and manufacturing. The partnership estimates it will save business between £800,000 - £1.9 million in forgone business rates. The Local Enterprise Partnership estimates 12 businesses and 800 jobs will be created by 2015 with plans for superfast broadband roll out. UKTI have expressed their willingness to support an international marketing effort and the Local Enterprise Partnership have also bid for regional growth funding.
Northampton Waterside Enterprise Zone led by the South East Midlands Local Enterprise Partnership proposes a 120 hectares site focused on advanced technologies, precision engineering, low carbon technology, sustainable construction, and high performance engineering, supported by related professional, financial, leisure and business services. Businesses are forecast to save £19.9 million in forgone business rates with 390 new businesses and 12,400 new jobs created by 2015 with the help of £200m in investment from the private sector.
Alconbury Airfield Zone near Huntington, led by the Greater Cambridge and
Greater Peterborough Local Enterprise
Partnership proposes a150 hectares site incorporating focus on ICT,
biotech, pharmaceutical, advanced manufacturing,
creative industries, engineering and processing; The Local Enterprise Partnership estimates 25-40 new businesses and 1,500 jobs by 2015 aided by attracting international investment with UKTI support.
Great Yarmouth and Lowestoft Enterprise Zonehas proposed six sites covering 121 hectares - close to the ports - South Denes, Beacon Park, Ellough Industrial Estate, South Lowestoft Industrial Estate, Mobbs Way and Riverside Road. It will focus on the energy sector (including offshore wind) and broader focus on ports, logistics, construction and engineering. Tax breaks will save businesses £3.8 million in forgone business rates; and the Local Enterprise Partnership estimates the creation of 80 businesses and 1,380 jobs by 2015.
Discovery Park in Sandwich and West Essex Enterprise Zone in Harlow– led by the Kent, Essex and East Sussex local enterprise partnership proposes two sites with Sandwich focusing on life sciences, pharmaceutical, bio-technology and broader R&D (including chemicals, food and renewable energy) whilst Harlow will focus on medical technologies and advanced manufacturing. Local Enterprise Partnership estimate that Sandwich will create 2400 jobs and 190 businesses and Harlow will create 100 businesses 2,200 – 2,570 jobs by 2015
The Solent Enterprise Zone at Daedalus Airfield in Gosport – led by the Solent local enterprise partnership have proposed one site covering 82 hectares to focus on R&D, including automotive, aerospace, transport, defence and manufacturingThe Local Enterprise Partnership estimates 38 – 45 businesses and 650 jobs by April 2015.
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