£5.231m investment will support creation of new jobs
Herefordshire Council today announced further investment at the Hereford Enterprise Zone.
The £5.231m investment at the Enterprise Zone, located at Skylon Park in Rotherwas, will support the creation of new jobs and economic prosperity in the county by making land ready for development by new and expanding businesses.
This will include the establishment of essential infrastructure such as access roads and cycleways, ultrafast broadband and utility supplies for new development plots across a total of 35 acres.
Cllr David Hitchiner, Leader of Herefordshire Council, said: “This investment underlines the Council’s continued commitment to business development and encouraging the economic success of the City and the wider county.
"There is significant demand for space on the Hereford Enterprise Zone where there is the commercial environment and expertise to enable local enterprises to flourish. By putting this key infrastructure in place we open up the potential to generate an estimated £40m of private sector investment and hundreds of high quality jobs.”
Chairman of Hereford Enterprise Zone, Andrew Manning-Cox, said the injection of funds to transform areas of Skylon Park ready for business investment was welcome.
“We are pleased to see this confirmation of continuing support for Skylon Park from Herefordshire Council. We have numerous investors in the pipeline, ready to sign on the dotted line once plots are ready. This is why it’s vital to progress with this work as soon as possible, so businesses can confirm their investment, get on site to build new premises and create those high quality jobs,” he added.
Hereford Enterprise Zone, Skylon Park, was designated by the Government as one of 48 Enterprise Zones in 2012, designed to boost local growth and create jobs. In 2014, the Council approved £16m capital expenditure to enable the development of land at Hereford Enterprise Zone. The £5.231m allocated through this decision is the remainder of this money.
The major projects currently under way on the Enterprise Zone include a new business incubation and innovation centre at the transformed former munitions factory the Shell Store, and the highly anticipated Midlands Centre for Cyber Security, which are both due to open during 2020.
A copy of the decision paper can be found on the Herefordshire Council website
For more information about Skylon Park, visit SkylonPark.co.uk