The Cheshire Science Corridor Enterprise Zone was delighted to sponsor Place North West’s Development Update, which took place on 4th October at the University of Chester’s Riverside Innovation Centre, to promote the benefits and opportunities offered by the EZ.
The event, which drew in a huge crowd of property developers, investors and businesses from across the region, featured a panel presentation and debate chaired by Place North West editor Paul Unger and including EZ representatives Heather Standidge, Associate Director of Cushman and Wakefield; Paul Vernon, Executive Director of the University of Chester; and Chris Doherty, Site Director of Alderley Park, alongside Guy Butler, Chair of Chester Growth Partnership and Jim Nicholson, Chief Executive of Pochin’s. The key focus was on the significant opportunities for growth in Cheshire and Warrington and the role of the Science Corridor and EZ in supporting the area’s ambitious vision to double the size of the area’s economy by 2040.
Heather Standidge, who is working with Cheshire and Warrington Local Enterprise Partnership to deliver the EZ, said: “This event was a valuable opportunity to showcase how the financial and promotional incentives offered by the EZ can benefit businesses and developers, but also how it will support the growth of the wider Cheshire and Warrington economy. It was great to be able to report that after just six months of the EZ being in operation, we are already starting to see development on site and new occupiers moving into and growing within the EZ.”
The Cheshire Science Corridor stretches across the Cheshire and Warrington sub-region and incorporates some of Britain’s most innovative and significant science based businesses including Urenco at Capenhurst; Daresbury Science Park; AstraZeneca at Hurdsfield; and Jodrell Bank.
A portfolio of sites within the Cheshire Science Corridor have been granted Enterprise Zone status at Birchwood, Thornton Science Park, Alderley Park and across Ellesmere Port including at Protos and Hooton Park. The Enterprise Zone was launched in May 2016, and is expected to lever in approximately £100m of additional investment which will be reinvested in essential infrastructure to support business growth.
Financial incentives offered to businesses locating on the Enterprise Zone sites include providing significant help with business rates for science based and high growth companies and will allow new investors to benefit from enhanced capital allowances at sites in Ellesmere Port and at Thornton Science Park.