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Investment in enterprise zones boosts communities

Words: Laura Edgar

Communities secretary Eric Pickles has announced that an improved economy has allowed developers to invest £230 million in enterprise zones across the country.

Developers have been building record numbers of offices and industrial premises, providing areas with new job opportunities, services and improved infrastructure.

Key Enterprise Zone developments include:

  • 2 Glass Wharf, Bristol – space for up to 1,000 jobs
  • 3 Glass Wharf, Bristol – space for up to 1,000 jobs
  • The Incubator, Alconbury – designed for small and start-up businesses
  • Paradise Circus redevelopment, Birmingham – potential to create up to 10,000 jobs as the UK’s future financial centre
  • Markham Vale and Advanced Manufacturing Park, Sheffield – 152,000 square feet and 52,000 sq ft respectively

So far, £230 million has been invested in 31 projects and 250,000 square feet of office space is already in use. By 2018, 1.8 million sq ft of office and industrial space will have been created.

Pickles said: “Enterprise zones are a great place to do business. That’s why these developers are channelling millions of pounds into these investments.

“It’s great news for the economy and communities because it’s these kinds of businesses that will create jobs for hard-working people.”