A range of incentives are on offer for investors and businesses including:
More than £148 million of funding bring forward Grade A office accommodation at Paradise Circus, create a development platform at the Southern Gateway to improve the retail and leisure offer of the City Centre, and £15 million to enable the development of other EZ sites (an announcement is due in 2014).
£43 million of investment focused delivering the Metro extension to serve Arena Central and Paradise Circus sites, and world class enhancements to key areas of public realm in the City Centre, including Centenary Square.
Birmingham Curzon – £30 million of investment will be utilised to connect and integrate the delivery of the new station into the City Centre. The delivery of these key projects will support the Enterprise Zone and the wider City Centre.
Relief of up to £55,000 per annum over a five year period for businesses entering the zone before 31st March 2018. *Subject to eligibility.
A Local Development Order in Digbeth and Birmingham Science Park Aston will allow a wider range of changes of use without the requirement for planning permission. A simplified planning regime for the wider EZ area with dedicated resources and streamlined processes to support applicants.
Affordable access to ultrafast broadband.
There are various business support loans and grants currently available to help businesses set up and thrive in the region. These can range from start-up loans to large scale supply chain development grants. To find out more, contact our team here.