Bristol Temple Quarter, one of the largest urban regeneration projects in the UK, is set right in the heart of Bristol. With Bristol Temple Meads at its core, it is already home to rapidly growing clusters of small and start-up businesses, particularly in the creative, digital and hi-tech sectors.
The 70 hectare site was officially declared open for business by the Chancellor in April 2012, and the project will last for 25 years. There are several key sites in the enterprise zone, and a Spatial Framework has been created, illustrating how it might be developed over its life span.
What is an enterprise zone?
Enterprise zones have been set up by the government to drive local growth. They offer a range of incentives to businesses, such as business rates relief, simplified planning and superfast broadband. They also offer benefits to the communities surrounding them by unlocking key development sites, consolidating infrastructure, attracting business and creating jobs. All business rates growth generated by the enterprise zones is kept by the relevant local enterprise partnership and local authorities for 25 years, allowing them to reinvest in local economic growth. You can find out more about enterprise zones online.
Bristol is a vibrant, dynamic and historically inventive city, and Bristol Temple Quarter will add significantly to its talent pool, cultural landscape and economic growth. Alongside incentives for business growth and jobs creation, the zone will benefit from significant investment in infrastructure, including £21 million to improve the vehicle, cycling and pedestrian access in the area; £11 million to provide superfast broadband for companies and £200 million for the citywide MetroBus scheme. You can find out more about the zone’s key projects on this website.
The Bristol Temple Quarter aims to attract 4,000 jobs by 2017 and around 17,000 over the 25 year lifespan of the project. In 2015, the 2,000 jobs mark was reached and over 300 businesses are already in the Zone, including prestigious Top 50 law firm Burges Salmon, IBM, Osborne Clarke, the Real Adventure Company and Kevin McCloud’s HAB Housing. Find out more about our vision for the zone.
The project is being delivered by four key partners:
- the West of England Local Enterprise Partnership, which is tasked with creating 95,000 jobs in the region by 2030;
- Bristol City Council, the local authority with planning responsibility for the area;
- the Homes and Communities Agency, which owns several sites in the area;
- Network Rail, who is responsible for Temple Meads railway station, a crucial part of the development.