Space to Innovate Enterprise Zone
The Chancellor announced in 2015 that New Anglia LEP and its local authority partners had secured one of the Government’s prestigious new Enterprise Zone sites for Norfolk and Suffolk, helping create 18,500 jobs in the 25 year lifetime of the zone, including 5,000 by 2021.
In a double success, a bid to extend the existing Great Yarmouth and Lowestoft (New Anglia) Enterprise Zone, from April 2017, was also approved which will mean space for an additional 30 businesses and deliver a further 1,219 jobs.
Enterprise Zones deliver a wide range of benefits to companies including a business rate discount of up to £275,000 over five years, simplified planning and access to Superfast broadband.
Click on the image to read our New Enterprise Zone brochure
Under the theme ‘Space To Innovate’, the ten new sites that open on April 1 are:
Norwich Research Park, Norfolk – One of the largest single-site concentrations of research in food, health and life sciences in Europe, Norwich Research Park has world-leading credentials to secure the UK’s position as the global leader in these emerging multi-billion pound sectors.
Suffolk Business Park, Bury St Edmunds – The EZ sits within a 68 hectare extension to the Suffolk Business Park, which is seeking to create a successful business environment for companies in the digital and new media, food and agriculture and high value manufacturing clusters.
Scottow Enterprise Park – a 26 hectare ex-RAF site on the northern edge of the Greater Norwich urban zone. The site provides a unique offering for grow on space, a private high voltage renewable electricity network and promises to be a strategic business location across the East and the UK.
Egmere Business Zone – a 7.4 hectare site situated to the south of port facilities at Wells-next-the-Sea, which has been established to support investment associated with the growing offshore renewables sector off the North Norfolk Coast.
Greater Ipswich, Suffolk – a cluster of sites to support the delivery of the newly developed Ipswich Vision, the blueprint for the regeneration of the town.
- Futura Park – a market-ready site in south east Ipswich with potential for up to 600,000 sq ft of new build units in 44 acres of superb landscaping.
- Princes St Office District – the Princes Street corridor connects the railway station with the town centre and is a high priority area for employment growth in the Ipswich Vision.
- Waterfront Island – The island site is an area of port land within the Ipswich Waterfront that is bounded by the Wet Dock and the tidal river. Ipswich Waterfront is a major investment area for the public and private sectors.
- Sproughton Enterprise Park – a 14 hectare site between the A14 and Sproughton Road, in the Babergh district area. It provides excellent road links to the M25, Felixstowe Port, Cambridge and the Midlands as well as mainline rail connections to London, Norwich and Cambridge.
Nar Ouse Business Park, King’s Lynn, Norfolk – a 15 hectare site on the southern edge of the town close to the A47, A10 and A17. The site is also home to the King’s Lynn Innovation Centre (left) which will stimulate business growth, drive research and development and attract new international businesses.
Stowmarket Enterprise Park, Suffolk – a 17 hectare Enterprise Zone which includes the existing Food Enterprise Zone, located on the edge of the town. The main theme of the Park will be agri-tech, food and health sectors as well as digital and media-based businesses.
Great Yarmouth and Lowestoft Enterprise Zone (open since April 2012)
There will be a £50 billion investment in the East of England energy sector in the next 20 years. To maximise the opportunities that exist within both the renewable and traditional energy sectors New Anglia and partners have created an Enterprise Zone which covers six sites in and around Great Yarmouth and Lowestoft with excellent transport connections to Europe, London and the rest of the UK. The focus of the Enterprise Zone is growing energy-related businesses and creating high skilled jobs through offering a range of exciting benefits (see below). Many companies have moved in since 2012 taking advantage of the benefits offered.
Click on the image to read our Great Yarmouth and Lowestoft Enterprise Zone brochure
East of England Energy Zone – The New Anglia region offers the broadest mix of resources for energy production and distribution in the UK, with the “All Energy” East of England Energy Zone sector employing more than 18,800 people.
Centres for Offshore Renewable Engineering (CORE) – Great Yarmouth and Lowestoft have been awarded special CORE status by the UK Government. CORE status is awarded through recognising the existing port infrastructure, skills, supply chain and local Government support to enable rapid growth within the offshore wind sector.
Assisted Area status – 5 of the 6 Enterprise Zones have been awarded Assisted Area status 2014-2020. This allows additional support for development.
Our Enterprise Zone Summary – document offers more information.
Read about businesses which have moved to the Enterprise Zone here.
Find out how Venko Offshore Ltd has benefited from being based on the Enterprise Zone in this 2 minute video.
Eunice Edwards is the Great Yarmouth and Lowestoft Enterprise Zone Manager and is keen to speak to anyone who thinks their business could benefit from moving in to the Enterprise Zone. You can reach Eunice by emailing firstname.lastname@example.org.