Latest News | 9 December 2014

Derby Gets Enterprise Zone

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“This also means that the right financial incentives will be available whether firms are from home or abroad. It was really quite crucial.”
— John Forkin, Managing Director at Marketing Derby

As part of the Autumn Statement earlier this week, Derby was the only location to be granted Enterprise Zone status for the brand new £200 million Infinity Park Derby site.

“This means the park will be on Government lists given to potential investors from overseas.”
— John Forkin, Managing Director at Marketing Derby

Enterprise Zone status allows firms considering moving to the development to benefit from tax breaks, business rates discounts and enhanced capital allowances.

A ceremony was held earlier this week to mark the beginning of construction of the RGF-backed Infinity Park development in Derby. The project is a partnership between Bondholders, Derby City Council and Rolls-Royce as well as the Harpur Crewe Estate, joint developers include Bondholder Cedar House Investments along with Peveril Securities and Wilson Bowden.

The 250-acre technology park will support the region's advanced manufacturing and engineering sectors and support up to 8,000 jobs.

“I look forward to seeing it evolve into a first class high-tech hub for the automotive, rail and aerospace industries.”
— Martin Rawson, Deputy Leader at Derby City Council

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