New Life Science Enterprise Zone launches at Alderley Park

Launch of Alderley Park EZ

The Life Science Enterprise Zone at Alderley Park was officially launched on Friday, 20th May, by Councillor Don Stockton, Cheshire East Council's portfolio holder for regeneration and Dr Chris Doherty, Site Director for Alderley Park.

The new Enterprise Zone, part of the Cheshire Science Corridor, offers 21.5 hectares comprising of 1.1 million sq ft of built floorspace with the potential to create up to 7000 jobs.

In his keynote address Councillor Stockton said: "Alderley Park is already a compelling place to locate a business, but the new Enterprise Zone provides significant new incentives to businesses operating in the biotech and life science sectors. The growth and expansion of new businesses, increased employment and the reinvestment of business rates will support the long term growth of Alderley Park and Cheshire East,"

The launch event welcomed representatives from the property sector, local businesses and investors to introduce the benefits Enterprise Zone status offers businesses moving in to the site. These- include a maximum of 100% business rate relief of up to £55,000 per year for up to five years; enhanced capital allowances and an on-site dedicated business support programme.

Alderley Park is currently home to over 150 businesses from the life science sector, employing more than 550 staff.

Dr. Chris Doherty, Site Director for Alderley Park, said: "This is a great day for all involved in supporting life sciences across the Cheshire region. The Enterprise Zone will give businesses based at Alderley Park access to additional important financial incentives, alongside the services and support we already provide."

Photo (l-r) Robert Mee, Chief Executive Cheshire Science Corridor and Board Member of Cheshire and Warrington LEP
Dr Mike Davies, Chief Medical Officer and Co-Founder Blueberry Therapeutics
Councillor Don Stockton, Porfolio Holder for Regeneration, Cheshire East Council
Dr Chris Doherty, Site Director, Alderley Park.

Tags:
Alderley Park, Life Science Enterprise Zone
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Comments

Here's what readers have had to say so far. Why not add your thoughts below.

Terry Roeves
Thursday 26th May 2016 at 6:55 pm
Less than 4 employees average per business? Deduct the non life science companies such as accountants and what's the true picture? Doesn't seem to be correct IMHO.
Maybe the numbers are right. Apologies if they are.....