£11m to support the development of Harlow Enterprise Zone
Harlow is one of 12 Enterprise Zones in the Country set to benefit from a £100million infrastructure investment from the Government announced today.
Harlow Enterprise Zone will receive up to £11.2m to build 1.2km of new roads and transform vacant land so it is ready for private sector development in 2015.
The 51-hectare Harlow Enterprise Zone at London Road and Templefields East focuses on attracting and growing businesses from advanced manufacturing and engineering, pharmaceuticals, MedTech, healthcare, and ICT (Information and Communications Technology). By 2025, the ambition for Harlow Enterprise Zone is to deliver 45,000 square metre new floorspace and create 2,300 new jobs as part of a longer term development which should see at least 5,000 jobs in total come to Harlow.
Twelve bids have been shortlisted by the Government from locations across the country to share the cash pot. If successful the funding will be crucial for the on-going development of Harlow Enterprise Zone.
Councillor Tony Durcan, Harlow Council’s Cabinet Portfolio Holder for Resources and Enterprise, said: “This is fantastic news for Harlow and for the development of the Enterprise Zone. Harlow Enterprise Zone is already attracting interest from some major potential occupiers, including international businesses, demonstrating Harlow’s strengths as a major business location.
“The grant award will enable us to deliver on this potential by providing the Enterprise Zone with the necessary supporting infrastructure such as roads, power and water. This will then bring businesses in to provide new jobs and create new opportunities for local people. I would like to add my own thanks to the many partners who have all worked hard on this project.”
Greg Clark, Chairman of Harlow Enterprise Zone Board, said: “This funding provides a real boost in the next stage in the Enterprise Zone’s delivery. A huge amount of work behind the scenes between Harlow Council, Essex County Council and the private sector has ensured that the Enterprise Zone is in a strong position to move forwards.
“Harlow’s location in the London Stansted Cambridge corridor and the town’s Enterprise Zone designation is helping to strengthen private sector confidence in Harlow with 120 new jobs in the last year. The Capital Grant will build on this and enable us to deliver real transformation and secure significant private sector investment in Harlow.”
Cllr Kevin Bentley, Essex County Council Deputy Leader and Cabinet Member for Economic Growth and Infrastructure, said: “I’m delighted with this achievement on behalf of Harlow’s Enterprise Zone. The successful working in partnership approach by ECC, Harlow Council and private sector means the Enterprise Zone can continue to expand. This news clearly recognises Harlow’s economic development potential. The Enterprise Zone shows how investment in Harlow’s infrastructure can help the local economy to grow and attract sustainable businesses. This is a great step towards making the enterprise zone appeal to business owners, develop skills and employment opportunities to boost the local economy.”
29th January 2014