What do Land Rovers, the world land speed record and Tongan postage stamps have in common? They are all being worked on in Enterprise Zones across the country.
It’s only four years since the Government created Enterprise Zones and there are already nearly 19,000 people who work in one. More than 540 firms, from creative start-ups to aerospace giants, are reaping the benefits of the reduced business rates, simplified planning rules and superfast broadband that Enterprise Zones offer.
Building on this success, the Government recently urged local councils and Local Enterprise Partnerships (LEPs) across the country to submit plans for new Enterprise Zones – the deadline was last month.
Over the last four years, the HCA has worked alongside councils, LEPs, developers and other local partners to invest more than £120m in Enterprise Zones.
As a landowner and investor, this funding has formed part of a broad package of incentives and support from across Government, supporting economic growth and regeneration in local communities.
We’re helping bring derelict land back to life, build new infrastructure – including new roads and bridges – and develop new homes, creating successful places for people to live and work.
Each zone is designed to match the skills and ambition in that area. This means that the 25 zones (including Plymouth, which was announced in August) are hugely diverse in scale and industry focus – from pharmaceutical to creative technology, automotive to aerospace.
But what exactly goes on behind closed doors? Here are 10 things you didn’t know about our innovative and brilliant Enterprise Zones:
1. Bristol’s Temple Quarter Enterprise Zone is home to Crux Product Design, a company that created helmets for the Olympic British cycling team – you might have seen them flying around the Velodrome during London 2012.