Over £14m could be spent on speculative industrial units on the Markham Vale site to help attract modern manufacturing and technology investors.
Sheffield City Region Local Enterprise Partnership is bidding for the money from Government claiming there is plenty of interest but companies want buildings to move into.
Markham Vale is next to the M1 near Chesterfield. It belongs to Derbyshire County Council which hopes to create 5,000 jobs on the former colliery site. The LEP’s bid includes plans to create 180,000 square feet of medium sized ready-made workplaces.The project also includes developing large areas of land for big investors.
David Grey MBE, LEP board member, said, “Every month the inward investment team talks to dozens of investors looking for locations for their businesses.
“They are attracted by the benefits of an enterprise zone, including the attractive tax breaks, however, many companies are unable or unwilling to wait for buildings to be built.”