IN a government announcement today (Tuesday), North East Lincolnshire successfully received approval for an 11 hectare Enterprise Zone (EZ) within the port of Grimsby.
The EZ will specifically target operations and maintenance (O&M) and associated supply chain activity for the renewables industry.
The Port of Grimsby EZ will form part of the wider Humber EZ and the creation of a Humber Renewables Super Cluster. This establishes Grimsby as the leading O&M facility in the UK and puts the area in a position to maximise O&M investment.
The inclusion of EZ status within Grimsby will contribute towards the Humber LEP vision to become a national and international centre for renewable energy. It also complements the current EZ on the South Humber Bank, and underpins the EZ developments on the North Bank.
One of the benefits that comes with EZ status is the business rate relief incentive, a business rate discount worth up to £275,000 per business over a five year period, which will accelerate the development of supply chain and support service businesses.
The 11 hectare site will meet the immediate needs of the O&M industry and 26.5 ha is ready for investment to meet the growing demand in the renewables energy sector. The option is also there to extend this to 40 hectares of deliverable land should the opportunity arise to submit further EZ proposals.”
The EZ will secure a slice of the estimated 15,000 jobs expected to be created within the operations and maintenance industry.
www.thisisgrimsby.co.uk