Enterprise zones announced for Birmingham, Bristol, Leeds and Sheffield
28 July 2011
The locations of four more Enterprise Zones have been announced by the Prime Minister, David Cameron, and Chancellor of the Exchequer, George Osborne. The four Enterprise Zones in Birmingham, Bristol, Leeds and Sheffield, selected by their local enterprise partnerships, could create over 24,000 new jobs by 2015. The zones will benefit from discounts on business rates, new superfast broadband, lower levels of planning control and the potential to use enhanced capital allowances.
David Cameron, said: “I am determined that we should drive growth in every town, city and community in the country. For too long our economy has been dependent on just one corner of the country and too few industries.
“But it won't be Ministers in Whitehall who can drive this growth; it will be those with the great business idea who are ready to start up, the entrepreneurs who want to grow their company, the businesses looking to expand into new markets.
“That is why we are getting behind them, cutting business taxes, freeing them from red tape, easing planning restrictions and rolling out Enterprise Zones to spark business growth around the country.
“It is our dynamic businesses large and small that are on the frontline of our economic recovery and we are committed to do all that we can to ensure that they can thrive.”
Details of the zones are as follows:
The Birmingham and Solihull Zone is located in Birmingham City Centre, comprising seven clusters of sites over 68 hectares. It expects to create 40,000 new jobs in business and financial services, digital media, ICT and the creative industries including 4,000 new private sector jobs by 2015. A radical approach will see the planning process streamlined through an innovative Local Development Order. The local enterprise partnership estimates the Enterprise Zone, once fully developed, will add £2.8 billion to the economy in GVA each year. It will harness the opportunities presented by the proposed High Speed 2 stop, which would cut journey times to London to 49 minutes, to attract business into the city centre.
The Leeds Zone consists of four sites within Lower Aire Valley area covering 142 hectares. It aims to create over 4,000 new jobs in low carbon industries and modern manufacturing. The newly completed East Leeds Link Road runs directly through the Zone, connecting it to the M1 motorway and Leeds City centre. Carbon-efficient buildings and development related to public transport will be permitted via a simplified approach to planning regulation.
The Bristol Zone, known as the Temple Quarter Zone, is centred on the Temple Meads rail station. It anticipates 198 new businesses within the Zone, with 80 up and running by 2015, creating almost 4,000 new jobs. Creative industries and technology will be key target investors. The focus of a simplified approach to planning permission will be on promoting development/refurbishment and business locations in the Zone. The estimated business rate income is £272m over the 25 years.
The Sheffield Zone is based on key sites along the M1 motorway. It will focus on advanced manufacturing and technology based industries to promote a „Made in Sheffield‟ brand that builds on the existing strengths of the local economy. It is expected to generate up to 12,600 jobs and over 400,000 sq metres of floor space for 250 businesses by 2015. When complete, it could reach 20,000 jobs, 400 businesses and £20m a year in new business rates from over 600,000 sq metres of floor space.
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