Region to increase size of enterprise zone

11 March 2014

Sheffield City Region will today announce plans to increase the size of its enterprise zone by almost a half, taking a new site at Robin Hood Airport.

The local enterprise partnership, which brokered the deal with the Government, said that investors looking to set up in the area will be able to access tax breaks across a new range of prime sites.

Chairman James Newman who is at the MIPIM property conference in France, said: "Since the launch of our enterprise zone in 2012, 18 new companies have located on our enterprise zone with 345 jobs already created on site and around 300 set to be created in the coming months.

"Businesses have been attracted to join our modern manufacturing and technology community which offers outstanding transport connectivity, a highly-skilled talent pool and the best Government tax incentives available. Now that our expansion has been confimed, the LEP will be working closely with partners to ensure that the new sites can boast our full package of enterprise zone benefits including simplified planning, superfast broadband and global promotion at international events."

The deal will see zone expansions in Barnsley, Rotherham, Sheffield and Markham Vale, as well as a new site at the airport, adding 70 hectares in total. The zone has an overall area of 215 hectares.

The LEP is using enterprise zone status to create a "modern manufacturing and technology growth area" along the M1 motorway and the M18.

Kris Hipkins, the minister for local growth, said expanding the enterprise zone will help to grow a community of world class businesses, in an area which already boasts names like Rolls-Royce, Boeing and Firth Rixson and bring more investment to the Yorkshire economy.