Adviser - Spring 2016

An enterprising opportunity for new businesses

I f you are thinking of relocating or expanding your business then you may want to consider locating in one of the newly-announced Enterprise Zone sites in East Anglia. These ten new sites, intended for both existing and new firms, are located across Norfolk and Suffolk and aim to create 5000 jobs by 2021. NewAnglia Local Enterprise Partnership (LEP) and its local authority partners have been working for years to secure these prestigious sites, which deliver a range of economic benefits for firms located within the zones. These incentives include discounted business rates, which may add up to £275,000 over five years, plus simplified planning and access to superfast broadband – something that East Anglian businesses in rural areas have been demanding for

years. James Tucker, partner at Scrutton Bland commented: “We welcome the news of these Enterprise Zones. Any initiative which boosts the economic growth of the region has to be welcomed. All our teams are well placed to advise business owners with all their professional needs, whether that is tax, accounting, insurance or general financial guidance.” Mark Pendlington, chair of NewAnglia LEP said: “This is fantastic news for companies locally, nationally and internationally looking to capitalise on the expertise of the East – from world- class food and health research, our thriving all-energy sector and innovation in ICT and digital – this zone will be a magnet for inward investment, help create thousands of jobs and drive our productivity.”

Within the greater Ipswich region in Suffolk a group of four Enterprise Zone sites will be ready to be developed by March 2016, in order to support the delivery of ‘Ipswich Vision’, a blueprint for the regeneration of the town. The Ipswich sites are: n Futura Business Park – this 10 hectare site to the east of the town will focus on higher value and more productive sectors and aims to avert displacement of retail from the town centre; n Princes Street – a 2.9 hectare office corridor which connects the railway station with the town centre and will focus on ICT, digital and professional services businesses; n Sproughton Road – a 14 hectare site between the A14 and Sproughton Road, in the Babergh district area provides huge potential for businesses in the


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