It was announced by the Department of Communities and Local Government (DCLG) in September 2015 that the Cheshire Science Corridor had been successful in its bid to become one of 18 new Enterprise Zones nationally. Having been part of the team that supported the development of the original bid, Cushman & Wakefield has been appointed through a competitive bidding process by the Cheshire and Warrington Local Enterprise Partnership (LEP) to get the Enterprise Zone fully operational by 1 April 2016.
Caroline Baker and Heather Standidge from Cushman & Wakefield’s Manchester office, together with Ben Pretty and Stephen Miles from the Leeds office are working collaboratively with the LEP; the three constituent Cheshire and Warrington local authorities; Central Government and each of the landowners to establish the required legislation; provide clarity on the incentives offered and priorities for investment; develop the marketing and communication plan; and agree future governance arrangements.
The Cheshire Science Corridor brings together some of the area’s nationally and internationally significant assets and business clusters including life science research and facilities at Alderley Park and nuclear at Birchwood in Warrington; together with environmental technology and advanced manufacturing at the University of Chester’s Thornton Science Park and in Ellesmere Port. The focus will be on raising the profile of the area as a business location and supporting a more co-ordinated and strategic approach to delivery and sustainable economic growth.
The Enterprise Zone will significantly boost the number of science and innovation businesses in Cheshire and Warrington. It has the potential to create over 20,000 new jobs, attract 500 businesses and lever in approximately £100m to be reinvested in essential infrastructure.
Cushman & Wakefield (through legacy DTZ) is a market leader in the establishment of Enterprise Zones and acted as preferred national advisor to DCLG in relation to 20 of the 24 original sites.