Enterprise Zone Sites
The Enterprise Zone will maximise the benefits arising from the opportunities and assets in the Cheshire Science Corridor and wider sub-region across all aspects of science and innovation, by facilitating significant opportunities for collaborations and synergies between businesses, institutions and research establishments.
The Enterprise Zone is targeted at the best commercial opportunities in the Cheshire Science Corridor. The Zone offers a portfolio of investment opportunities ranging from affordable development sites to world class laboratories across 100 hectares.
Please see the various Enterprise Zone Sites listed below:
Attractive financial incentives for science based and growing occupiers.
Heightened market profile and closer working with UKTI to attract more investment.
Clear and supportive planning policy in place for each of the Enterprise Zone sites.
Working towards delivering super-fast broadband.
Business Rate Discounts
The Cheshire Science Corridor Enterprise Zone is able to offer eligible science based and/or growing businesses that occupy property within the approved Business Rate Discount sites a discretionary relief of up to 100% of the business rates payable, up to a limit of £55,000 per year and a maximum of £275,000 in any 5 year period, subject to meeting the criteria set out within this Eligibility Criteria Paper.
Enhanced Capital Allowances (ECAs)
Five Enterprise Zone sites within Assisted Areas of Ellesmere Port are able to offer Enhanced Capital Allowances where occupiers are able to write down the costs of qualifying plant and machinery assets against their taxable income. Occupiers are eligible for a 100% first year allowance on capital expenditure on qualifying assets until 31st March 2024. The maximum capital investment that can qualify for enhanced allowances is €125 million per project and the new capital investment must be maintained in the Assisted Area for a period of five years. This clearly provides a major financial incentive to businesses investing in plant and machinery assets within the eligible EZ sites. Eligible businesses are already entitled to the Annual Investment Allowance of £200,000 and so the ECAs will be of benefit to businesses investing more than this on qualifying assets and will most likely benefit medium and larger sized businesses.