£10m investment planned for Enterprise Zone
A new access road is to be built from the A59 to Lancashire’s Enterprise Zone at Samlesbury as part of a £10m investment in public infrastructure by Lancashire County Council.The new road will also provide a link with the A677 and allow the first phase of a £50m private development to get underway. It is part of a masterplan to create 3,000 jobs at the site.
The government has announced that more than £410m will be spent by local partners on major projects at Enterprise Zones across England, unlocking development and paving the way for tens of thousands of new jobs as well as providing a significant boost to the UK’s construction sector.This significant investment has been possible since the government gave councils powers to retain all business rates growth from their local Enterprise Zone and use the revenue generated to secure borrowing for infrastructure projects.
Local growth minister Penny Mordaunt said: “This just shows what can be achieved when you marry ground-breaking ambition with smart incentives. This investment will deliver world-class infrastructure that ensures Enterprise Zones continue to attract brilliant companies, creating jobs and delivering real benefits to hard-working people.“It’s proof our long-term economic plan is on track and I know for a fact this is just the beginning. Other Enterprise Zones are taking note and I’m expecting to see even greater investment in the future, which is great news for the economy.” The government launched its Enterprise Zone programme in April 2012 as part of its long-term economic plan to rebalance the economy. Led by Local Enterprise Partnerships and councils, the 24 zones are going from strength to strength with recent numbers showing they have created 12,530 jobs, attracted 434 new businesses and generated over £2bn worth of private investment.