Coast to Capital Local Enterprise Partnership is pleased to announce that Newhaven has been named as one of 26 new Enterprise Zones being created across the country.

 

The announcement was made by the Chancellor in the Comprehensive Spending Review and has the potential to create 2,000 new jobs.

 

Ron Crank, Chief Executive of Coast to Capital, who worked with partners to submit the bid to government, said: "This is great news for Newhaven and will provide an economic boost to the coastal town which will benefit from relaxed planning rules and economic incentives.

"Enterprise Zones drive growth and job creation and are part of the Government's strategy to devolve responsibility for growth to local areas. This development project for Newhaven is key to economic growth in our coastal communities and we are very pleased that we have had Government approval and can now take these plans forward."

 

In Newhaven, the Enterprise Zone will cover seven key sites and aims to deliver 70,000 sq m of commercial development supporting around 2,000 new jobs. It will unlock strategic sites for high value development, facilitate new investment and support business expansion. Enterprise Zone designation will also help to create new employment opportunities, including training and apprenticeships in high-growth sectors such as Low Carbon Environmental Goods and Services.

 

Tim Wates, Coast to Capital Chairman, concluded by saying: "This initiative will encourage business growth through lower taxes, access to superfast broadband and streamlined planning permission to improve local infrastructure. It also provides a significant benefit to the Greater Brighton City Region, by offering additional space for growth in employment and housing."