It is an ongoing development with an open opportunity for all. There is still places available for business in the Enterprise zone.
Enterprise Zone status allows additional business rates that are generated by these businesses to go back into the Leeds City region. The additional rates are then used to fund further economical projects within Leeds which fundamentally fuels growth across the Leeds area.
Situated at the heart of the Leeds City Region – with an economy worth over £50 billion per annum, a 3 million population and a workforce of 1.5 million – the enterprise zone represents an immense opportunity for business expansion and relocation. It helps to drive local growth and major investment to Leeds and its city region; an ideal location for modern manufacturing and related supply chain companies, distribution and logistics.
Current phases of development are supporting hundreds of construction jobs and have the potential to deliver significant economic growth and access to job opportunities across the city region. The enterprise zone is expected to act as a catalyst for the regeneration of the wider Aire Valley Leeds which, fully developed, could deliver over 9,500 new jobs by 2025.