Bradford multi-million pound ‘enterprise zone’ could create nearly 500 jobs
A £19m ‘enterprise zone’ proposed for Bradford could create nearly 500 jobs.
The development is planned to be built on a site on Perry Lane, which has been vacant for 15 years, and could consist of seven new industrial buildings.
The plans will be discussed by the West Yorkshire Combined Authority in a meeting next week, when the authority will be asked for £5.4k of funding to create a business case for the site.
If successful, the development will cost £18.8m, with £8m of the funding being provided by the Combined Authority.
A report to the authority says developing the site is “anticipated to deliver up to 16,900 sqm of commercial floorspace, capable of accommodating 489 jobs, generating up to £166m GVA (gross value added), and a potential business rates income of approximately £5.3 million over the period to 2042.
“The scheme supports inclusive growth by developing land to unlock employment opportunities for residents across West Yorkshire and the city region.
“Additionally, the scheme supports the regeneration of a deprived area, enhancing the local working environment.”
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