Second Enterprise Zone confirmed for LLEP area
News of a second Enterprise Zone (EZ) that could bring over 21,000 new jobs and £123m into the area over the next twenty-five years, was confirmed by Minister for Local Growth, Marcus Jones, during a visit to Loughborough University on Monday February 13, 2017.
The new Enterprise Zone comprises two science and hi-tech manufacturing sites in Loughborough and one in Leicester.
The three sites will offer specialist research and development facilities.
Loughborough University Science and Enterprise Park (LUSEP) focusses on advanced engineering and manufacturing, energy and low carbon.
Charnwood Campus in Loughborough has specialisms in the life sciences, pharmaceutical and bio-medical sectors.
Leicester Waterside has a focus on space technologies, research and advanced manufacturing and also sits adjacent to location of the National Space Park development proposed by the University of Leicester.
In just the first five years, the new EZ is expected to generate over £3.5m in business rates which will be re-invested by the LLEP partnership into projects across the city and county.
It is being led by a partnership involving the LLEP, Loughborough University, Leicester City Council, University of Leicester, Leicestershire County Council, Charnwood Borough Council and Charnwood Campus (the former Astra Zeneca site in Loughborough).
