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Business Summit 1 - Hereford Enterprise Zone
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Business Summit 1 - Hereford Enterprise Zone

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Presentation by Ray Stone about the Herefordshire Enterprise Zone.

Presentation by Ray Stone about the Herefordshire Enterprise Zone.

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Transcript

  • 1. The Hereford Enterprise Zone Rotherwas For the Marches LEP
  • 2. The Hereford Triangle Invest Work Here ford Here ford Live Here ford
  • 3. An Overview
    • The Hereford Enterprise Zone is the Keystone in the renewal of Herefordshire and it’s neighbouring counties
    • Radical improvement in communications - physical and high speed internet routes
    • New housing projected to be in excess of 6,000 units
    • Further development of Higher Education opportunities
    • Improved quality of employment prospects
    • Rebalancing of the regions demography
  • 4. Business Case for Enterprise Zone
    • Will become a catalyst for enhanced economic growth in the Marches
    • Perfect timing with site being available, but not yet developed
    • Demand established – other quality local sites fully occupied
    • The geographic position and local specialism has created a niche potential for Defence and Security focussed business.
    • Defence forms strong linkages to other counties throughout the LEP & neighbouring areas – Bristol, Cheltenham, Brecon Beacons
    • Manufacturing forms a high proportion of the Marches economic base
    • This Enterprise Zone represents the biggest development opportunity for the area since the Second World War.
  • 5. Bidding Process Timescale
    • Idea initially launched by Government in March Budget.
    • Expression of Interest was submitted by the Marches LEP at the end of April.
    • Internal competition within Marches LEP to determine best Marches site to submit to government. Decision to choose Hereford made by LEP Board at end May.
    • Development of Hereford proposal and final submission at end of June.
    • Government announced successful Zones in mid August.
  • 6. Government Criteria
    • Sites of between 50 and 150 hectares (120 and 360 acres).
    • Ideally in one single ownership or partnerships with history of joint working.
    • Should principally be “clean” sites.
    • Be capable of delivery in short term (March 2012).
    • Have support of Local Enterprise Partnership and local business community.
  • 7. Hereford Site Summary
    • 61.5ha (164 acres) site: Biggest development opportunity since Second World War in Herefordshire
    • Recent preparatory investment of £21m.
    • Estimates that will bring in 270 businesses and generate 6500 jobs by 2020 (1800 jobs by 2015)
    • Difference to other EZ’s is linkage to the Defence, Security and Intelligence sectors. Supported by high tech manufacturing.
    • Only two landowners involved – both fully engaged in the EZ proposal.
    • Series of 3 distinct, but linked, development sites/phases
    • Within current Planning Policy and emerging LDF policies, has some outline planning consents in place
    • EZ will provide benefit across the Marches region via ‘satellite’ Business Parks and funding to support high growth potential companies
  • 8. Target Sectors
    • Defence
    • Security
    • High Tech Manufacturing
    • Life Science and Bio Tech – Food Security
    • Sustainability Technology
    • Technology Innovation / Demonstration Centre
    • Design and Creative
    • Niche Electronics
    • Software
  • 9. Inward Investment
    • Key Targets
      • Clear Branding – In line with the Herefordshire brand exercise
      • Commercial marketing and support package
      • Part of wider Herefordshire Inward Investment offer
    • Priorities
      • Overseas inward investment
      • UKTI Liaison
      • New Company / Start ups
      • Expanding Companies
  • 10.  
  • 11.  
  • 12. Aerial Photograph One – North and South Magazines North
  • 13. Aerial Photograph Two – North Magazine (western element) North
  • 14. Aerial Photograph Three – Chapel Road North
  • 15. Additional benefits to the community?
    • The Hereford EZ will start to change the demographic profile.
    • Retain greater number of college leavers -Increase 25-50 year olds in the local working population
    • Increase graduate opportunities in the area
    • Increase the tax payer base within the community
    • Reduce the average cost of social welfare by having a more balanced demography
    • Replicated in ‘Satellite Parks’ across the Marches
  • 16. Progress to Date
    • Announcement of success in mid August
    • Already had circa 25 inquiries for space within Zone
    • Met on One to One basis with potential occupiers
    • Hosted an Inward Investment visit from United States
    • Appointed Chair and Vice Chair
    • Held first Board meeting
    • Agreed priorities:
      • Complete a Masterplan for site
      • Define planning and support benefits
      • Procure Inward Investment support
      • Define eligibility criteria for location on site
  • 17. Enterprise Zone Board Structure
    • Enterprise Zone Board
      • Private sector led with involvement of landowners and LEP partners – Chair and vice Chair from industry
      • A subgroup of the Marches Local Enterprise Partnership (LEP) with significant involvement of the Herefordshire Business Board (HBB)
      • Tasked with setting the strategy, direction, policy and progress monitoring of the EZ
      • Maintenance of key performance criteria and CLG objectives
    • Executive Team
      • Appointed by the EZ Board to manage the day to day delivery of the EZ
      • Dedicated professionals principally employed by Herefordshire Council
      • Additional expertise contracted in where necessary
      • Marketing, Sales, delivery and site management
  • 18. Partners
    • The Marches LEP – will have involvement on EZ Board
    • The Herefordshire Business Board
    • Site Landowners – Herefordshire Council and local Family Trust
    • The local business community:
      • Individual businesses
      • Chamber of Commerce
      • Federation of Small Business
      • Local landowners and developers
    • Government Departments
      • BIS (Business, Innovation and Skills)
      • DCLG (Department for Communities and Local Government)
      • UKTI (UK Trade and Investment)
  • 19. Any Questions?!