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15 Nov

Government Announces Support for Flood-Hit Farmers

Flood-hit farmers in northern England will be able to apply for up to £25,000 in govt grants to help them get back on their feet. The government has announced they will extend the Farming Recovery Fund to support farmers badly affected by the floods.

14 Nov

Business Brexit Checklist

The Business Brexit Checklist has been created to help you consider the changes that Brexit may bring to your company, and to help business planning at both operational and Board levels.

13 Nov

Invitation to Tender: ScaleUp360 Programme Workshops and Business Advice

A procurement opportunity has arisen for a bank of high growth business support specialists to supply 1-2-1 business advice and workshops to businesses and entrepreneurs in the Sheffield City Region (SCR).

Midlands Enterprise Zones have generated over 10,000 jobs

Enterprise Zones have created over 10,000 jobs in the Midlands – including the Nottingham and Derby Enterprise Zone, invested in by the D2N2 Local Enterprise Partnership – over the last four and a half years, according to a new Government report.

IHub

Picture: Derby's iHub, a key part of the Infinity Park Enterprise Zone site

Enterprise Zones are set-up to attract and grow businesses. They offer incentives such as tax and business rate reductions, and access to superfast broadband. There are currently 48 Zones in the UK – each of which can contain many sites. There are also some Enterprise Zones in rural areas.

A new report by the Department for Communities and Local Government (DCLG) is now published. It looks at Enterprise Zones between April 2012 and September 2016. Findings from the report show that Midlands’ Enterprise Zones attracted 10,883 jobs over four years, 30% of the 35,755 jobs generated by Enterprise Zones in England. The data was not broken down further than regional level.

The eight Midlands’ Enterprise Zones are:

  • The Nottingham and Derby Enterprise Zone. This includes 5 sites across the D2N2 area including Infinity Park in Derby (pictured). – overseen by the D2N2 Local Enterprise Partnership (LEP).

  • Birmingham – 26 city centre sites – Greater Birmingham and Solihull LEP.

  • The Black Country Zone (sites in Wolverhampton and Darlaston) – Black Country LEP.

  • Skylon Park (sites in Hereford) – overseen by the Marches LEP.

  • MIRA Technology Park (sites in Nuneaton)– overseen by Coventry and Warwickshire LEP.

  • Ceramic Valley – Stoke and Staffs LEP

  • Luton Airport & Northampton Waterside Enterprise Zones – both overseen by SEMLEP

  • Each Enterprise Zone is overseen by a Local Enterprise Partnership. These are private sector-led Partnerships which work to promote economic growth and create jobs in their area. D2N2’s covers Derby, Derbyshire, Nottingham and Nottinghamshire.
  • The Government report adds that UK Enterprise Zones have created 35,744 jobs, become home to 822 businesses and attracted £3.3billion in private sector investment.

    David Ralph, D2N2 Chief Executive said: “Enterprise Zone development is at the core of the D2N2 Strategic Economic Plan and key to delivering our strategy of creating 55,000 new private sector jobs in key industries, over ten years.”

    To see the most recent figures for each region, click here

    To find out more about enterprise zones, click here


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