Businesses benefit as enterprise zones allocate investment cash

THREE enterprise zones in Yorkshire are set to share a £38m cash injection from the Government, helping to create thousands of jobs.

The Humber LEP succeeded with its £14.94m bid to help bring forward the first phase of work on the £440m Able Marine Energy Park at North Killingholme, which will create about 350 construction jobs.

It aims to provide 1,300 metres of deep-water quays and 4,100 jobs when fully operational in 2020.

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Sheffield City Region’s Enterprise Zone will receive a cash injection of as much as £14.2m to for infrastructure work at Markham Vale business and industrial park off the M1.

The payment is expected to generate a further £95.7m of private sector investment, create more than 2,100 jobs and build new access roads, about 16,720sqm of commercial floorspace, and unlock a further 33 hectares of land for development.

In Leeds, the Aire Valley Enterprise Zone is set to receive up to £8.57m for remediation and infrastructure work that will attract advanced manufacturing and supply chain companies, creating 630 new jobs and delivering over 33,000sqm of new commercial floorspace in the long term.

From today, universities in cities including Leeds and Sheffield can bid for part of a £15m fund to establish University Enterprise Zones.

Communities Secretary Eric Pickles said: “As part of our long term economic plan, we are backing business and enterprise right across the country.”