The Chancellor announced in 2015 that New Anglia LEP and its local authority partners had secured one of the Government's prestigious new Enterprise Zones for Norfolk and Suffolk. Under the theme Space to Innovate, the new, multi-site zone will help create 18,500 jobs over its 25 year lifetime, including 5,000 by 2021. More information about the space to Innovate brand can be found on NALEP website.
2 of the 10 sites are in Babergh and Mid Suffolk are;
Stowmarket Enterprise Park, Mill Lane, Stowmarket (needs link to another tile)
Sproughton Enterprise Park, Sproughton, A14, Junction 54 (link to another tile)
Benefits to Business – Location on an Enterprise Zone site in Babergh Mid Suffolk Districts
Additional benefits –
Stowmarket Enterprise Park, Suffolk - a 17 hectare Enterprise Zone which includes the existing Food Enterprise Zone, located on the edge of town The main theme of the park will be agri-tech, food and health sectors as well as digital and media based business.
Sproughton Enterprise Park, Suffolk - a 14 hectare site between the A14 and Sproughton Road. It provides excellent road links to the M25, Felixstowe Port, Cambridge and the Midlands.
Businesses relocating to either site could receive business rates discount of up to £275,000 over five years, simplified planning and access to Superfast broadband.
Food and Drink Processing business could also qualify for grants between £60,000 up to £1 million if they establish themselves in the Food Enterprise Zone in Stowmarket.