Invest…grow…prosper

Posts tagged “enterprise zone

Hereford Enterprise Zone Northern Magazine asbestos removal ahead of schedule

Great news is emerging as the asbestos removal and ground preparations are running ahead of schedule.

Asbestos Removal on Hereford Enterprise Zone nearly complete

With so much asbestos contamination it was thought it could take until the new year to identify and remove all contamination.  However perfect weather and clear land following the land clearance of recent years has made it possible to complete the clearance well ahead of time with contractors thought to be off site as early as next month.

Great news for businesses looking to develop premises in the Enterprise Zone and make use of everything that Rotherwas and Herefordshire has to offer.


Energy behind the new brand for Herefordshire – Here You Can have an Enterprise Zone

Reports today are all around the launch of a new brand for Herefordshire – Here You Can.  This will feed into areas such as INVEST YOU CAN for inward investment.
There will be derivatives for tourism, manufacturing, construction and the voluntary sector.

In addition a bull outline will form part of the logo.

 


Hereford Enterprise Zone, Rotherwas Herefordshire – what’s the offer

Rotherwas Enterprise Zone – in Hereford led by the Marches Local Enterprise Partnership proposes:

news for Hereford Enterprise zone rotherwas herefordshire

  • Size: three sites covering 61.5 hectares;
  • Sector focus: defence, advanced engineering, green technologies and food processing;
  • Tax break: Save business £4 million in forgone business rates;
  • Job creation: Local Enterprise Partnership estimates at least 55 businesses and 1,800 jobs will be created by 2015;
  • Planning: Simplified regime to provide certainty for business wanting to build;
  • Broadband: Wireless service 20MB line speeds but can deliver 100MB speeds.  A fibre optic option available through the Hereford BDUK Superfast Broadband project (up to 100MB) by 2013;
  • Investment: Expecting at least £90m from the private sector by 2015.

Hereford Enterprise Zone jobs news

With a target of in excess of 6,ooo new jobs to be created, Hereford Enterprise Zone is creating interest with companies not only from across the country but from Australia, China, the Middle East and in particular North America.

The non-displacement rule prohibits the re-location of businesses in an area and this extends to potential businesses closures in other parts of the country to open a business on an Enterprise Park.  This does mean that businesses local to an Enterprise Zone such as Rotherwas and the Hereford Enterprise Zone may find themselves up against imported competition benefiting from improved broadband, top quality infrastructure and £250,000 worth of benefits through rates.

The reality is though that with new business comes improved standards of living and job opportunities.


Hereford Enterprise Zone Announced

Prime Minister David Cameron has announced a second wave of Enterprise Zones designed to kick-start Britain’s economy.

External site: Department for Communities and Local Government – Enterprise Zones

External site: Transcript of the PM’s speech in Daresbury

Mr Cameron said the sites, which aim to boost local growth and create over 30,000 new jobs by 2015, would be “trailblazers” for prosperity throughout the country.

 

 

The second wave of Enterprise Zone will be located in:

  • Humber Estuary Renewable Energy Super Cluster;
  • Daresbury Science Campus in Warrington;
  • Newquay AeroHub in Cornwall;
  • The Solent Enterprise Zone at Daedalus Airfield in Gosport;
  • MIRA Technology Park in Hinckley Leicestershire;
  • Rotherwas Enterprise Zone in Hereford;
  • Discovery Park in Sandwich, Kent and Enterprise West Essex in Harlow;
  • Science Vale UK in Oxfordshire;
  • Northampton Waterside;
  • Alconbury Airfield, near Huntingdon in Cambridgeshire; and
  • Great Yarmouth in Norfolk, and Lowestoft in Suffolk.

The Government named the first 11 zones in the Spring, in cities including Manchester, Birmingham and Newcastle.

This brings the total to 22 across the country. The Zones will attract hundreds of new start up firms, with simplified planning rules, super-fast broadband and over £150 million tax breaks for new businesses over the next 4 years.

The PM said:

“We are determined to do everything we can to make Britain the best place in the world to start and grow a business.

“Enterprise zones are a major step towards delivering this, cutting business taxes, easing planning restrictions and giving business the tools they need to invest and expand.

“These new enterprise zones will be trailblazers for growth, jobs and prosperity throughout the country.”

Alongside the new Zones, the Government is also announcing today that it will make enhanced capital allowances available for plant and machinery investment to a limited number of Enterprise Zones in Assisted Areas, including the Tees Valley and North East.

With effect from 2012, companies setting up in these areas will be eligible to claim enhanced first year allowances for plant and machinery, giving them an upfront cash flow benefit.

The introduction of Enterprise Zones is just one of over 100 reforms being taken forward as part of the Government’s Plan for Growth, announced in the Chancellor’s Budget 2011, to create the conditions for strong, sustainable and balanced growth.