Within Cornwall and the Isles of Scilly, we have already created partnerships and delivery mechanisms that can easily be adapted to fulfil the role required for our LEP.
Cornwall and Isles of Scilly Local Enterprise Partnership will today welcome the Minister of State for Business and Enterprise to formally launch "Aerohub @ Newquay Cornwall Airport" at the Farnborough International Airshow read more
We have been successful in applying for £97k of Enterprise Zone Skills funding for an Aerohub Enterprise Zone Skills Plan focusing on the aviation and aerospace sectors. For more information please contact Judith Hann.
Budget 2011 announced that Goverment would establish 21 new Enterprise Zones in LEP areas.
Enterprise Zones are a powerful expression of the Government's pro-growth agenda; allowing areas with real potential to create the new businesses and jobs that they need, delivering positive benefits across the wider economic area. The core offer for businesses in the Zone is around simplified planning and business rates discounts, with Zones having the potential to develop innovative solutions to address the specific local economic challenges.
We led a successful bid to create an Enterprise Zone around Newquay Cornwall Airport encouraging businesses within the aerospace industry to locate there and spawning opportunities for other supporting businesses. Only LEPs, on behalf of their partners, were able to bid for an Enterprise Zone. LEPs as business led partnerships with a goal of driving sustainable economic growth across local economic areas, are ideally placed to drive Enterprise Zones forward.
Successful zones have the opportunity to attract investment, developments and jobs through a combination of business rate discounts worth up to £275,000 over five years for each business in the zone, simplified planning procedures and superfast broadband links.
With Cornwall Council, we explored the possibility of creating enterprise zones in other areas, in preparation for when legislation allow further enterprise zones to be established.
The application to develop this was approved by Government in August 2011.
For more information, please contact Miles Carden Enterprise Zone Manager.