Date post: | 16-Apr-2017 |
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An Introduction to the Cheshire Science Corridor Enterprise Zone
Science Parks Development UpdateThursday 12 May 2016
Agenda
Overview of the Cheshire Science Corridor and its strengths
Benefits of Enterprise Zone status
The four Enterprise Zone locations
Are Enterprise Zone sites worth it?
Find out more…
Client Name | Cushman & Wakefield
Cheshire Science Corridor Enterprise Zone
Client Name | Cushman & Wakefield
Strengths of the Cheshire Science Corridor
Established business base in key growth sectors
Highly skilled, productive and entrepreneurial labour market
Well connected by road, rail, air and water
Supportive public sector
Client Name | Cushman & Wakefield
Benefits of the Enterprise Zone
Business Rate Discount (Up to 100% or £275,000 over 5 years)
First year Enhanced Capital Allowances (selected Assisted Areas sites)
Potential for re-investment of Business Rate Revenue
Clear and streamlined planning
Commitment to enhance broadband infrastructure
Enhanced market profile at national and international level – UKTI
Dedicated Enterprise Zone Growth Manager
Collaboration with research and education establishments - Skills
Attract 20,000 new jobs and 500 businesses to Cheshire and Warrington
Client Name | Cushman & Wakefield
The Enterprise Zone Sites
Site Sector Focus Key Incentive
Alderley Park(Cheshire East)
Life Sciences BRD
Birchwood(Warrington)
Energy and Nuclear BRD
Thornton Science Park(CWAC)
EnergyEngineeringAutomotive
BRDECA
Ellesmere Port Sites(CWAC)
Advanced ManufacturingEnvironmental TechnologiesAutomotive
BRDECA
Client Name | Cushman & Wakefield
Are Enterprise Zones worth it…?
Mixed reviews of EZ success: Stimulate investment and accelerate momentum
Displacement and long term sustainability
Expensive (cost per job)
This round of Enterprise Zones: Area of focus – targeted established market attractive locations
Displacement – multi-site EZ and scale of financial incentives
Strategic investment – skills and infrastructure
Strategy – focus on underlying drivers of economic growth
Client Name | Cushman & Wakefield
Find out more…
www.cheshiresciencecorridorez.com