£23m of infrastructure investment has been earmarked for Bristol, Manchester, New Anglia and Leicestershire as part of the Government’s plans to improve and expand enterprise zones.

The money will fund road, utilities and building construction, creating 5,700sq.m of new commercial floorspace and new road networks to support the development of the sites.

The £23m investment will fund:
• Bristol Temple Quarter Enterprise Zone – £6m for commercial development in an around the new city centre;
• MIRA Technology Park Enterprise Zone – £7.4m for the construction of a new spine and distribution roads with a roundabout to increase access to the Hinckley site;
• Great Yarmouth Enterprise Zone –£3m to deliver 5700 square metres of speculative office and industrial units, as well as road and utilities for Beacon Park;
• Manchester Airport Enterprise Zone – £6m to open up key sites to attract companies in life science and the IT and technology sectors.

This latest round of funding is the last of a £550m package of enterprise zone support, which has funded infrastructure developments to help turn sites into prime economic land.

Over the past three years, enterprise zones have created over 9000 jobs, attracted over 300 businesses and secured £1.2bn of private sector investment.

Kris Hopkins MP said,

“Enterprise Zones are showing that our long term economic plan to secure a better future is spreading businesses, jobs and skills training across the country. Today’s cash injection will give 4 zones the raw ingredients to make their sites a stronger, more competitive business environment that will attract new jobs for hardworking local people.”