The Hertfordshire Enviro-Tech Enterprise Zone has officially launched, with the aim of creating thousands of new jobs focusing on environmental technologies.
Hertfordshire Local Enterprise Partnership led a partnership team to bid successfully for the zone – this includes Hertfordshire County Council, St Albans City and District Council and Dacorum Borough Council. The Zone will help to attract new green technology businesses and investment to the area with a focus on enviro-tech.
A range of Government incentives are available to attract private sector investment to the zone including business rate relief and superfast broadband.
The major sites within the Zone are adjacent to each other at Maylands Business Park, to the east of the New Town of Hemel Hempstead and close to Junction 8 of the M1. These sites cover just over 78ha in total.
Mark Bretton, Chair of Hertfordshire Local Enterprise Partnership and Chair of the Enterprise Zone Board, said “Construction is due to start in Hemel over the next 18 months. We anticipate the first major sites to be open for business early 2019 with vital incubation space expected to become available for green entrepreneurs as early as this year.”
Cllr Andrew Williams, Leader of Dacorum Borough Council, said: “The Hertfordshire Enterprise Zone will make a significant contribution to the cost of the transport improvements required to ensure that growth in the Maylands area, and the East of Hemel Hempstead generally, is sustainable in the medium- to long-term future. The Enterprise Zone will enable local economies to unlock key development sites, consolidate and provide infrastructure, attract business and create jobs.”
Published on: April 6, 2017