The Humber Local Enterprise Partnership has welcomed today’s announcement by the Government that its bid for an Enterprise Zone has been successful.
The Humber LEP’s bid aims to attract large top tier manufacturing companies in the renewable energy sector. By bringing in these Original Equipment Manufacturers (OEMs), the LEP hopes their supply chains will follow and occupy further sites around the Humber, leading to the development of a renewable energy super cluster unique in the UK and with international scale.
The bid builds on the Humber’s existing advantages for companies in the renewable energy sector, including port and transport infrastructure, skills and experience in related sectors including maritime and engineering, and availability of suitable sites big enough for the assembly of large structures. Another key selling point for offshore wind companies is that the Humber has the shortest sailing times of any location to the huge Round 3 sites off the east coast.
By adding in the Enterprise Zone package, which includes tax breaks and a simplified planning process, the LEP believes it can tip the balance towards the UK and away from competing sites on continental Europe. Capital allowances would be particularly attractive to large manufacturers which would be spending significant amounts of money on high-tech machinery.
The Humber LEP’s bid covers 375 hectares on three sites, which between them can accommodate four OEMs:
- Green Port Hull (Alexandra Dock) – 1 OEM
- Queen Elizabeth Dock, Hull – 1 OEM
- Able Marine Energy Park (southern part), North Lincolnshire – 2 OEMs
The Humber’s Enterprise Zone is the largest to be announced by the Government to date, and more than double the size of the next biggest.
John Clugston, Interim Chairman of the Humber Local Enterprise Partnership, said:
“The Enterprise Zone will play a crucial role in helping us to become the British centre for renewable energy. We already have the land, the location, the infrastructure and the skills, but the Enterprise Zone takes our offer a step further by speeding up development and adding extra financial incentives. Having these extra benefits in place will help us all to push on with signing up the top tier manufacturers for the UK against competition abroad.
“The fact that our Enterprise Zone has been approved at more than double the size originally suggested by the Government prospectus shows that there is faith in the level of our ambition and the capability we have to deliver on our plans. However, the Enterprise Zone is not the limit: it is only the beginning of what we hope to achieve. If we are successful there will be many more developments around the fringe, particularly in the supply chain and related industries, and the effect on our economy will be transformative.”
For further information please contact the Humber LEP on 01482 485260