Deeside is one of five enterprise zones in Wales going live today, in line with Enterprise Zones in England, and will be focussed on the advanced manufacturing industry. This bespoke approach was chosen based on the skills and workforce history of the area.
Parts of Deeside will benefit from Enhanced Capital Allowances, as announced in the UK Government’s budget, which will allow tax relief for expenditure on plant and machinery for companies investing in the zone.
The other Enterprise Zones in Wales that go live today are:
- Cardiff Central Business District - with a particular focus on the Financial Services sector;
- Anglesey – focused on the energy sector;
- St Athan – with a focus on the aerospace sector;
- Ebbw Vale – with a focus on the manufacturing sector.
The Welsh Government announced last September that as part of its economic policy agenda it would be introducing Enterprise Zones in Wales and take a bespoke approach to each location based on the skills and workforce history of each area.
In January the Business Minister Edwina Hart also announced preferred locations for other Enterprise Zones at Trawsfynydd, Snowdonia, and Haven Waterway, Pembrokeshire.
Visiting Deeside today, Transport Minister Carl Sargeant said that being well connected would be vital to the success of the Enterprise Zone and Wales’ economic growth.
The Minister said:
“The Deeside Enterprise Zone is well connected with direct links to key motorways and two international airports.
“There are also direct rail routes to Cardiff and London, while the Port of Mostyn and Liverpool Docks are less than an hour away by road or train.
“I am providing £500,000 in 2012-13 through the Taith Regional Transport Plan to Flintshire County Council for further transport improvements to assist the Deeside Enterprise Zone.
“Having these links in place connects companies in the Enterprise Zone not only with the rest of the country, but with Europe and indeed the World.
“I have been delighted to meet with Askar Sheibani today and tour the facilities at Comtek to see the work being done and hear about the benefits of having the Enterprise Zone in Deeside.”
Comtek CEO Askar Sheibani, who has been appointed interim chairman of the Deeside Enterprise Zone Board, said:
“Despite the UK’s dreary economic outlook, Deeside is ideally poised to buck the trend and is already establishing itself for a centre of business excellence.
“Home to Comtek’s headquarters, Deeside boasts an unrivaled fast fibre speed, a close-knit business community and an array of transport links.
“Essentially, what we have in Deeside is guaranteed growth, and the new enterprise zone status will certainly be a catalyst for this. The area is a fertile environment for business growth and investment at international level and, thanks to this support received from the Welsh Government, we’re going to see more businesses creating jobs in the locality – both for now and for future generations.”
More information on Welsh Enterprise Zones is available at: www.enterprisezones.wales.gov.uk