Securing economic growth requires local
business, the public sector and communities to act decisively to
increase prosperity. To facilitate this, a radical reform programme
has been embarked on by the Government to address these areas with
the focus locally on driving up economic growth.
Enterprise Zones are the vehicle which the
Government has chosen to facilitate these reforms and are about
allowing areas with real potential to create the new business and
jobs that they need.
The Black Country is one of just a few regions
that have successfully received approval to become an Enterprise
Zone. The Enterprise Zone concept was developed by the coalition
government in a bid to jump-start private sector development by
offering firms a range of benefits for locating to premises with an
Enterprise Zone. These include a business rates holiday, superfast
broadband and relaxed rules on planning. The Black Country
Enterprise Zone is also one of only six to be awarded capital
allowances of 100%.
The most famous Enterprise Zone in the Black
Country is i54. This former landfill site has attracted interest
from many large businesses and could prove to be the catalyst to
encourage more high value manufacturers to relocate to the area.
This is a much needed boost for businesses and will have a positive
impact on the local economy as well as the potential to create over
4,000 jobs by 2015.
Jaguar Land Rover recently announced their
plans to develop a new manufacturing facility at i54. The
location of the site and a planned M54 motorway access
junction make i54 an attractive business park. Aerospace company
Moog has already started work on its new facility and plans have
also been approved for a laboratory complex for Eurofins, the
global leader in food, environment and pharmaceutical products
For further information please contact the
Solutions Centre on 01902 321272 or email@example.com.
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