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NEW ANGLIA
Local Enterprise Partnership
Enterprise Zone
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Enterprise Zones
Announced by Chancellor George Osborne in 2011 budget
11 covering England’s biggest cities were pre-selected by the Government
Open competition for 11 more ran over the summer
LEPs invited to bid
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Enterprise Zones
Defined areas of development ready land with incentives:
Business rates relief
(up to £275,000 over five years for eligible firms)
Simplified planning regime
(saving businesses time and money)
Support for the roll-out of superfast broadband
(helping business remain competitive)
LEP to retain business rates uplift from EZ
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Learning past lessons
• Sectoral focus
• Minimise displacement
• Strategic fit
• Long term viability
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Norfolk / Suffolk
New Anglia LEP
Counties of Norfolk and Suffolk
Population 1.8million – set to grow to more
than 2million
LEP focus around energy and tourism
plus business support
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New Anglia’s Enterprise Zone
Invited expressions of interest
Five submissions from across Norfolk and Suffolk
Independently assessed against Government criteria and LEP priorities
Great Yarmouth and Lowestoft scored most highly
Deliverable, realistic, distinctive and focused on a sector with real jobs potential
GY-L proposal - developed by Norfolk and Suffolk Energy Alliance (four local authorities, EEEGR and chambers),
coordinated by New Anglia
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Wind Farm and Gas Field Outline
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The New Anglia Enterprise Zone
Covers 121.3 hectares of development ready land in six sites across Great Yarmouth and Lowestoft
The zone will be capable of accommodating 540,000 sq m of commercial floor space
By 2015 – around 80 businesses and 1,380 jobs directly, another 690 indirectly
By 2025 – 150-200 businesses and 9,000 jobs directly, another 4,500 indirectly
In addition to six core EZ locations two additional Local Development Order (LDO) only areas - just covered by the simplified planning
regulations
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The Enterprise Zone
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New jobs, new businesses
Focus on attracting new energy-related businesses
EZ helps raise the attractiveness of Great Yarmouth and Lowestoft as investment locations
Financial and planning incentives helpful tools
Existing supply chain
Skills for energy
Proximity to market place
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EZ good for existing businesses
What’s in it for me?
Expanding businesses could relocate to the zone
Extended LDOs covering South Denes and Power Park
Significant supply chain opportunities
Increased profile of Great Yarmouth and Lowestoft
Potential for increased infrastructure investment
A once in a generation opportunity
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Next steps
Implementation plan agreed with Government
Governance structure for EZ agreed
Local Development Orders published and consultation underway
Enterprise Zone coordinator appointed
Marketing plans for the zone being developed
Integration of EZ into other plans
Interest from 60 businesses already – with construction of first premises already underway
New Anglia EZ open – April 2012
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Enterprise Zone Brochure
