Harlow Enterprise Zone given cash boost
Business / Wed 9th Oct 2013 am31 06:38am
THE Government is giving £100 million to Enterprise Zones, including the one in Harlow, to help them attract new businesses and create jobs.
It is hoped this will unlock areas that are currently unused and turn them into “prime economic sites” that will “bring home new businesses and help the local economy grow”.
Communities Secretary Eric Pickles said: “Enterprise Zones are at the centre of our plans to back business, help local economies grow stronger and give the UK that competitive edge.
“The Zones are showing progress with over 180 businesses, half a billion pounds of private sector investment and nearly 4,000 jobs, and many more in the pipeline.
“We want to help them grow further and faster and this extra £100 million investment will ensure they have the infrastructure in place to successfully attract even more businesses and create many more local jobs.”
In Harlow, the Enterprise Zone focuses on medical technologies, healthcare, information technologies and advanced manufacturing.
It based across two locations in Harlow on the A414, close to the M11 and connects Cambridge, Stansted Airport, the M25 and London.