News of a second Enterprise Zone (EZ) that could bring over 21,000 new jobs and £123 million into the area over the next twenty-five years, was confirmed by Minister for Local Growth, Marcus Jones, during a visit to Loughborough University on Monday 13th February 2017.
The new Enterprise Zone comprises two science and hi-tech manufacturing sites in Loughborough and one in Leicester.
Each of the three sites at the new Enterprise Zone (two in Loughborough and one in Leicester) is unique, offering specialist research and development facilities and supporting new and growing businesses to bring their innovative ideas and products to market.
- Loughborough University Science and Enterprise Park (LUSEP) focusses on advanced engineering and manufacturing, energy and low carbon;
- Charnwood Campus in Loughborough has specialisms in the life sciences, pharmaceutical and bio-medical sectors;
- Leicester Waterside has a focus on space technologies, research and advanced manufacturing and also sits adjacent to location of the National Space Park development proposed by the University of Leicester.
In just the first five years, the new EZ is expected to generate over £3.5 million in business rates which will be re-invested by the LLEP partnership into projects across the City and County.
It is being led by a partnership involving the LLEP, Loughborough University, Leicester City Council, University of Leicester, Leicestershire County Council, Charnwood Borough Council and Charnwood Campus (the former Astra Zeneca site in Loughborough).
A second Enterprise Zone will make Leicester and Leicestershire extremely attractive to science, innovation and hi-tech manufacturing companies looking for research facilities and industrial and office space to base and expand their businesses.
There is a successful EZ model already working brilliantly at MIRA Technology Park in the automotive sector. The experience at MIRA will be replicated in the science, innovation and hi-tech manufacturing sectors.
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