Posted on December 4, 2012Category: News
The Humber Local Enterprise Partnership is delighted to announce the first business to move to the Humber Enterprise Zone. Cablescan will relocate its UK operations to the BAE Systems site at Brough later this month, and in doing so will become one of the first occupants of any Enterprise Zone in the UK.
The move from their Beverley facility to the Enterprise Zone will enable Cablescan, who employ 40 people manufacturing and developing high performance electrical cable assemblies and control panels for aerospace, space, defence and commercial use, to grow their business and create 10 new jobs.
Lord Haskins, Chair of the Humber Local Enterprise Partnership, said: “We are delighted that the Enterprise Zone is helping a local company to grow. With the benefits available to companies through the Enterprise Zone status, together with the facilities already in existence at BAE Systems Brough, this is an excellent example of the public and private sector working together to help stimulate the local economy. The LEP and its partners are actively promoting the Enterprise Zones and we are hopeful more agreements will follow.”
Tony Pontone, Director at Cablescan, commented: “The opportunity provided by the Enterprise Zone was too good for us to miss. As a company we have continually looked to grow and the facilities at BAE Systems Brough, together with the incentives provided through the Enterprise Zone, have presented us with an opportunity to expand and in doing so create more skilled jobs in the region. A real win-win situation.”
Andrew Cheesman, Director, BAE Systems Real Estate Solutions, added: “From the outset BAE Systems has been committed to doing all we can to make the enterprise zone a success. Together with Cablescan, we have been working hard for a number of months to ensure this opportunity was brought to fruition. We will continue to pursue opportunities and are hopeful that Cablescan will just be the first company to come to the enterprise zone at Brough with job opportunities for the area.”
The Humber LEP secured the largest Enterprise Zone allocation in the country last year, totalling 484 hectares and 15 sites across the Humber. Enterprise Zone sites offer either discounted business rates or enhanced capital allowances. The LEP is using them to attract new businesses to the area and help existing businesses to expand, with the main focus on renewable energy and advanced manufacturing.