Markham Vale impresses Cable
A top Government Minister visited the Markham Vale Enterprise Zone site on Thursday 31 May, to see the progress being made to attracting inward investment and creating jobs. Business secretary, Vince Cable, met with Sheffield City Region Local Enterprise Partnership Chairman, James Newman, along with business leaders and local Councillors from Derbyshire.
Business Secretary Vince Cable said, “I was very impressed by the work going on at Markham Vale. The site is undergoing an impressive transformation from not too long ago when it was a derelict former coal mining area.
“It hosts one of the Enterprise Zones created by the Government and I was there to assess its progress in attracting new investment. The achievements are solid and encouraging.”
LEP Chairman James Newman said, “It was great opportunity for the Business Secretary to see the progress that is being made to develop the Sheffield City Region Enterprise Zone.
“Markham Vale is an important part of the Sheffield City Region’s Enterprise Zone, which is considered to be the UK’s number one location for modern manufacturing and technology businesses. It demonstrates what can be achieved across LEP boundaries and I hope is the first of many collaborations between the Sheffield City Region LEP and D2N2 LEP representing Derbyshire and Nottinghamshire.
“The success of our Enterprise Zone relies on close collaboration between local councils, landowners and businesses and the Business Secretary was clearly impressed by what organisations involved in the Markham Vale site have already achieved.”
Derbyshire County Council is investing over £70 million laying the foundations for long term job creation at Markham Vale which is just off the purpose-built junction 29A of the M1.
Councillor Kevin Parkinson, Derbyshire County Council Cabinet Member for Regeneration, said, “We’re making excellent progress at Markham Vale and I was delighted that the Business Secretary was able to see it first-hand.
“He was very impressed with the work we have done and our future plans to bring 5,000 jobs to Markham Vale.
“We’ve recently welcomed a number of new companies to Markham Vale and I’m confident that we are providing the right environment for further growth.”
Markham Vale was recently granted Enterprise Zone status by the Government, meaning firms moving to some areas of the site can now apply for Enhanced Capital Allowances – offering tax relief for major investment in plant and machinery.
The County Council is working with partner Henry Boot Developments Limited to attract national and local companies to Markham Vale. One of the latest companies to relocate there is engineering firm MSE Hiller, which provides centrifuge equipment for major names including Tropicana and Walkers Crisps.