Enterprise Zone website unveiled at Global Manufacturing Festival
This morning, at the Global Manufacturing Festival in Sheffield, the Sheffield City Region Local Enterprise Partnership (SCR LEP) launched a new website to promote the Enterprise Zone.
To visit the website go to www.sheffieldenterprisezone.co.uk
The website features useful information about the Enterprise Zone (EZ) and is designed to attract manufacturing and technology investment to the Sheffield City Region City.
New website features include interactive maps, information on the sites and incentives and information about support available looking to invest in the Enterprise Zone.
This follows news earlier this week that SCR LEP had finalised details of its Enterprise Zone with Treasury. Sites offering Capital Allowance tax incentives were confirmed, bolstering the Enterprise Zone’s existing Business Rate Relief benefits.
The Sheffield City Region EZ will be one of only seven zones in England able to offer enhanced capital allowances, offering up-front tax relief for major capital investments. Additional incentives for smaller businesses locating in the EZ, which are available from April 2012, include business rates relief, fast track planning and access to superfast broadband.
James Newman, Chairman of the Sheffield City Region LEP, said, “It is great news for our Enterprise Zone that after a series of detailed negotiations with Government we have got the best and a very flexible package of benefits for the Sheffield City Region.’’
“The LEP has worked closely with many partners to secure this package of tax incentives, which will bring substantial manufacturing and technology investment to the Sheffield City Region City, creating economic growth and, over time, thousands of jobs.”
The LEP will be working closely with key private sector partners, landowners including Henry Boot, Harworth Estates, Sheffield Business Park and Peel Holdings as well as all its Local Authority partners in the City Region to deliver the EZ from 1 April.
The LEP will also benefit directly from the growth in business rates as a result of the EZ, which will then be re-invested to provide similar incentives for other parts of the City Region to aid their development in the future.
The LEP is using Enterprise Zone status to create a Modern Manufacturing and Technology Growth area along the M1 Motorway, the City Region’s main North – South corridor, with EZ sites at junctions 36 in Barnsley, 33/34 in Sheffield/Rotherham (including the Advanced Manufacturing Park) and 29a at Markham Vale.