Jobs hopes grow as Enterprise Zone is extended

The size of the Sheffield City Region Enterprise Zone is to be increased its size by almost a half, raising hopes of thousands more high-tech jobs being created.

Investors will be able to access tax breaks across a new range of prime sites in Sheffield, Barnsley, Rotherham and, for the first time, Robin Hood Doncaster-Sheffield Airport.

Seventy hectares will be added to the Enterprise Zone, taking it to 215, following talks between local business leaders and Government officials

The Sheffield City Region Local Enterprise Partnership aims to attract modern manufacturing and technology companies by offering the opportunity to collaborate with world class manufacturers and universities, as well as the top level of government tax incentives.

Chairman James Newman announced the expansion to an audience of 20,000 influential decision makers from the international property market at MIPIM in Cannes.

He said he was delighted that the Government has listened to the LEP so additional strategic sites could be added, including Doncaster Sheffield airport.

“Since the launch of our Enterprise Zone in 2012, 18 new companies have located on our Enterprise Zone with 345 jobs already created on site and around 300 set to be created in the coming months.

“Businesses have been attracted to join our modern manufacturing and technology community which offers outstanding transport connectivity, a highly-skilled talent pool and the best UK Government tax incentives available.

“Now that our expansion has been confirmed, the LEP will be working closely with partners to ensure that the new sites can boast our full package Enterprise Zone benefits including simplified planning, superfast broadband and global promotion at international events.”

Richard Wright, executive director of the Sheffield Chamber of Commerce said a bigger zone “should greatly aid the task of the inward investment team in attracting great businesses to invest here. We have something positive to offer!

“We are particularly pleased about the area around Doncaster Sheffield airport because it continues to underpin the long term strategic work to establish a proper regional airport that services the business sector.”

“A viable and significant airport in the region is important to us and we are fully behind the broad business plan that they are embarked on.”