- Enterprise Zones (EZ) are at the heart of the Government’s long term economic plan, supporting businesses to grow. Since their start in April 2012 they have attracted over 430 companies, secured over £2.1bn of private sector investment and created more than 15,500 jobs across the Country.
- In terms of value to the construction industry, more than £410m is being spent by Local Enterprise Partnerships (LEPs) on major projects across Enterprise Zones in the UK, of which £330m is being invested in infrastructure to support Zone development.
- Momentum is now building across the 25-year programme to deliver local growth and jobs through EZs and many zones are set for substantial development over the short-medium term covering the commercial, industrial and housing sectors.
- The 2015 Summer Budget also announced key measures affecting LEPs and Enterprise Zones with the invitation to bid for a new round of Enterprise Zones. This new round will include rural areas where appropriate, and the Government is encouraging towns and districts to work with LEPs to develop bids.
- The Advanced Manufacturing/Engineering sector is one of the most significant within the UK Enterprise Zone market, with 19 of the 24 LEPs having earmarked large areas of EZs for future developments.
These facts have been extracted from AMA Research's report
'Enterprise Zones – Construction and Development Opportunities Market Report – UK 2015-2019 Analysis ', available from www.amaresearch.co.uk or by calling 01242 235724.
'Enterprise Zones – Construction and Development Opportunities Market Report – UK 2015-2019 Analysis ', available from www.amaresearch.co.uk or by calling 01242 235724.
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