Enterprise Zones are part of the government’s long-term economic plan to support business and the creation of jobs by transferring the leadership of growth to local areas. Dorset Innovation Park’s Enterprise Zone status went live on 1st April 2017.
Dorset Innovation Park aspires to be an advanced engineering cluster of excellence for the South West, building on strengths in marine, defence and energy.
A single site accommodating 56 hectares of land, of which 35 hectares is developable, the site’s central location links urban prosperity with rural opportunities.
Dorset Innovation Park lies at the intersection of the burgeoning aerospace, marine, defence and energy clusters. It offers a secure facility and the presence of two world leaders in defence technology - Atlas Elektronik and QinetiQ.
It is the second largest strategic employment site in the Dorset LEP area and is being recognised as a major focus for the economic regeneration of South Dorset. A vital stimulus for employment, the site is expected to facilitate 2,000 new jobs and attract dozens of new businesses to the area.
Development of the whole site follows significant public sector investment. This includes £600,000 from the Local Growth Fund which was secured by Dorset LEP to help enable Purbeck District Council and Dorset County Council to acquire the site and invest in much needed small workspace.
Building work has already started on 20 new employment units. Due for completion in autumn 2017, these units will be fully serviced and let to businesses on ‘easy in, easy out’ terms.
Benefits to businesses
Businesses who locate to the site will be able to benefit from up to five years of business rate reductions and access to new ultrafast broadband within the next 12 months.
The site is in public ownership and it is envisioned there will be in the region of £30m of retained business rates to be invested in improving the site and local infrastructure over the next 25 years.
Dorset Innovation Park is centrally situated within south Dorset, approximately one mile to the west of Wool. The site has access from the A352 which is a main route connecting the towns of Wareham and Dorchester.
The Poole/Bournemouth conurbation is situated approximately 20 miles to the east. Wool has the benefit of a main line rail station (South West Trains London Waterloo to Weymouth line)
For further information please contact Charlotte Knight, Dorset LEP Communications Manager at: email@example.com or call 01202 962719
Businesses looking to invest in the site should contact:
Tel: 01202 661177
Website link: www.sibbettgregory.com