Enterprise group seeks extra cash for business units

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More than £14.2m of Government funding is being sought towards a project aimed at attracting modern manufacturing and technology investors to the Sheffield City Region.

The area’s Local Enterprise Partnership (LEP) has applied for the grant to help fund £37.5m of improvements to the Markham Vale site near Chesterfield, which is part of its enterprise zone.

More than 2,000 jobs could be created and over £80m of private sector investment unlocked if it is approved.

The LEP’s bid includes plans to build 180,000 sq ft of medium-sized units for businesses to move straight into.

David Grey, LEP board member, said: “Investors are attracted by the benefits of an enterprise zone, including the attractive tax breaks, however, many companies are unable or unwilling to wait for buildings to be built.

“I hope the Government will seize this opportunity to satisfy the unmet market need for available modern business premises in the Sheffield City Region.”