Sheffield City Region Enterprise Zone Sites
Beyond simplified planning (which will be available across all Enterprise Zone sites) and any other locally negotiated incentives, the two main financial incentives available in the Sheffield City Region (SCR) Enterprise Zone are Enhanced Capital Allowances (ECAs) and Business Rate Relief (BRR). More detailed information on where these incentives apply is set out below and an overview map can be accessed from the bottom of this page.
Enhanced Capital Allowance Sites
The following locations have been identified as the most suitable for major capital investment and therefore have been earmarked for ECA investments:
- The Advanced Manufacturing Park/Waverley
Building on the strengths of the existing business relationships at this location, there is huge potential to attract large scale capital investment. This site is ‘development ready’ and can offer a range of floor plates (including large scale) which would be suitable for high-tech investment and research and development activity.
- An area close to the existing Enterprise Zone sites in Sheffield-Rotherham
This area has a high concentration of existing businesses from the Enterprise Zone target sectors. The area also offers a number of sites/newly built vacant premises which are large scale and therefore suitable for heavy/specialist use, as well as bespoke development. - Markham Vale
This site offers large scale development land on a unique scale which is suitable for a mix of uses including heavy industrial, distribution and office. This site is perfectly located to attract investment due its direct access to the M1 at the southern gateway to the city region.
As a general indication, it has been agreed by the Local Enterprise Partnership that ECAs for investment of up to £100m in eligible plant and machinery will be available at each of the three locations identified above (totalling a target level of investment of £300m in plant and machinery over the eligible five years across the EZ). However, at each location a degree of flexibility will be permitted where it better suits the needs of the investor or delivers greater economic value (e.g. the ability to target more than one company through the sub-division of an ECA).
As part of this wider approach, the LEP has agreed that ECAs will be used to attract inward investment, as well as enable strategic investments from companies already based in the city region that would not otherwise happen, or that would be accelerated by ECA incentives.
Business Rate Relief Sites
The ECA locations are complemented by a range of sites which will attract business rate relief (BRR), totalling 52.99 hectares across the EZ. These sites provide appropriate space and suitable incentives to enable supply chain development and the growth and development of SMEs.
The BRR sites are at the following locations:
- Europa Link (Sheffield) - 20.77 hectares
- Advanced Manufacturing Park/Waverley (Rotherham) - 15.19 hectares
- Ashroyd and Shortwood Business Park (Barnsley) - 12.30 hectares
- Templeborough (Rotherham) - 4.73 hectares.
The Local Enterprise Partnership will be working with landowners and local authority partners to explore how best to make use of BRR in a way that prevents displacement, protects the vision of the Enterprise Zone and secures its long term sustainability.
