Member Article

Digital enterprise zone opens in Middlesbrough city centre

A new enterprise zone is opening in Middlesbrough city centre, aimed at further stimulating the town’s digital and creative business sector.

Enterprise Zones are part of the government’s Industrial Strategy aiming to support business growth across the country.

Each Enterprise Zone has a uniqueness, building on the strengths of its surrounding area and support industries such as manufacturing, emerging technology and renewable energy.

The town’s Historic Quarter becomes the latest of the Tees Valley’s 12 Enterprise Zones. Centred on the town’s Boho digital cluster, businesses can take advantage of newly refurbished Grade A office space.

Eligible companies looking to locate to the Enterprise Zone may qualify for up to £55,000 a year of rate relief over five years.

Companies will need to demonstrate they belong to the digital technology or creative sector and how their business intends to grow over the next five years.

Councillor Lewis Young, Middlesbrough Council’s Executive Member for Economic Development and Infrastructure, said: “Middlesbrough’s Historic Quarter is firmly rooted in the town’s rich heritage, but it is already playing a key role in our ambitious plans for the future.

“Our thriving digital business community will be one of the catalysts for growth at the heart of the Enterprise Zone, and that will complement the surge in business confidence we’re currently seeing right across the town.

“This is an exciting opportunity to further support this high growth sector and encourage additional inward investment into Middlesbrough, consolidating our status as the city heart of the Tees Valley.”

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