The Cambridge Compass Enterprise Zone creates a unique opportunity to expand the reach of Cambridge - global innovation centre - to the sorrounding market towns, new communities and wider rural areas to boost the local and national economy. It includes sites in Ely, Cambourne, Haverhill and Northstowe
Enterprise Zone status brings with it a number of benefits, including a business rate discount of up to 100% for five years for businesses moving into part of the Cambridge Compass Enterprise Zone. As a bonus for the local area, the LEP will retain 100% of the business rate growth within the Cambridge Compass Enterprise Zone for the next 25 years, which will enable further investment in economic growth across the area.
Ely Enterprise zone has outline consent to construct up to 125,000 square metres of additional office, industrial and distribution accommodation to suit occupiers' requirements.
"Our strategy is completely aligned with the objectives of the Ely Enterprise Zone. We specialise in supporting the rapid growth of businesses by offering them high quality space just 12 miles from Cambridge, but typically at around half the cost of comparable space in the city."
- Harvey Bibby, marketing and development director for Grovemere PropertyCONTINUE READING
Securing Enterprise Zone status for part of lancaster way Business Park is an important step forward for our development
It bring added benefits for businesses looking to move to our site, such as significant business rates discount, but also allows us to be a part of the Cambridge Compass brand expanding our reach to international businesses seeking a new base in the UK.
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East Cambridgeshire has ranked top as the best place to live in rural Britain. A national survey says good health, low unemployment and the amount of sunshine they see give it the best quality of life. Uttlesford in Essex and South Cambridgeshire in the region also made the top ten.
East Cambridgeshire is one of the best places to live and work in the country.
"To make sure our residents continue to benefit from a high standard of living we are always working hard to make sure that the area is attractive for businesses and new jobs are created while at the same time protecting the wonderful green environment we all call home".