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Haverhill Research Park wins Enterprise Zone status

Haverhill Research Park has won Enterprise Zone status giving potential occupiers on the development benefits including a business rate discount of up to 100% for five years.

Promoted by the Greater Cambridge Greater Peterborough Enterprise Partnership (LEP), The Chancellor of the Exchequer, the Rt Hon George Osborne MP, unveiled his enterprise zone allocation, including Haverhill Research Park, as part of the Spending Review and Autumn Statement on Wednesday 25 November.

Haverhill Research Park has won Enterprise Zone status giving potential occupiers on the development benefits including a business rate discount of up to 100% for five years.

Promoted by the Greater Cambridge Greater Peterborough Enterprise Partnership (LEP), The Chancellor of the Exchequer, the Rt Hon George Osborne MP, unveiled his enterprise zone allocation, including Haverhill Research Park, as part of the Spending Review and Autumn Statement on Wednesday 25 November.

Located to the east of Cambridge, Haverhill Research Park, now part of the Cambridge Compass Enterprise Zone, has planning consent for up to 450,000 sq ft of high quality commercial development space with full infrastructure in place set in 30 acres of landscaped parkland.

Nick Rumsey, director of Jaynic, the developer of Haverhill Research Park commented, “This is fantastic news for Haverhill Research Park, and for Haverhill generally. Being part of the Cambridge Compass Enterprise Zone brings several benefits and will undoubtedly add to our competitive edge within the Greater Cambridge area. We look forward to pushing forward with this as soon as possible.”

The Cambridge Compass Enterprise Zone aims to reach out to the greater Cambridge communities. The advancement into surrounding market towns, new neighbourhoods and rural areas will contribute to, and in turn, improve local and national economic growth.

Mark Reeve, Chairman of the Greater Cambridge Greater Peterborough LEP, said, “Securing Enterprise Zone status for the Cambridge Compass is a real boost for the local economy. We know that businesses, particularly international ones, want a base in Cambridge, which can drive up rents and constrain supply.”

Many national and international businesses now have the incentive to move to the Greater Cambridge area.

On 1 April 2016, the Cambridge Compass Enterprise Zone will come into full effect. New occupiers will be offered the 100% business rate discount until 31 March 2022.

News of Haverhill Research Park winning Enterprise Zone status comes less than a year after the Greater Cambridge Greater Peterborough Enterprise Partnership (LEP) developed and submitted the proposal to Government.

FURTHER INFORMATION

Richard Aylwin
ACL
Tel: 0207 832 6450
Email: Richard@aylwincom.co.uk

News

Haverhill Research Park wins Enterprise Zone status

Haverhill Research Park has won Enterprise Zone status giving potential occupiers on the development benefits including a business rate discount of up to 100% for five years.

Promoted by the Greater Cambridge Greater Peterborough Enterprise Partnership (LEP), The Chancellor of the Exchequer, the Rt Hon George Osborne MP, unveiled his enterprise zone allocation, including Haverhill Research Park, as part of the Spending Review and Autumn Statement on Wednesday 25 November.

Haverhill Research Park has won Enterprise Zone status giving potential occupiers on the development benefits including a business rate discount of up to 100% for five years.

Promoted by the Greater Cambridge Greater Peterborough Enterprise Partnership (LEP), The Chancellor of the Exchequer, the Rt Hon George Osborne MP, unveiled his enterprise zone allocation, including Haverhill Research Park, as part of the Spending Review and Autumn Statement on Wednesday 25 November.

Located to the east of Cambridge, Haverhill Research Park, now part of the Cambridge Compass Enterprise Zone, has planning consent for up to 450,000 sq ft of high quality commercial development space with full infrastructure in place set in 30 acres of landscaped parkland.

Nick Rumsey, director of Jaynic, the developer of Haverhill Research Park commented, “This is fantastic news for Haverhill Research Park, and for Haverhill generally. Being part of the Cambridge Compass Enterprise Zone brings several benefits and will undoubtedly add to our competitive edge within the Greater Cambridge area. We look forward to pushing forward with this as soon as possible.”

The Cambridge Compass Enterprise Zone aims to reach out to the greater Cambridge communities. The advancement into surrounding market towns, new neighbourhoods and rural areas will contribute to, and in turn, improve local and national economic growth.

Mark Reeve, Chairman of the Greater Cambridge Greater Peterborough LEP, said, “Securing Enterprise Zone status for the Cambridge Compass is a real boost for the local economy. We know that businesses, particularly international ones, want a base in Cambridge, which can drive up rents and constrain supply.”

Many national and international businesses now have the incentive to move to the Greater Cambridge area.

On 1 April 2016, the Cambridge Compass Enterprise Zone will come into full effect. New occupiers will be offered the 100% business rate discount until 31 March 2022.

News of Haverhill Research Park winning Enterprise Zone status comes less than a year after the Greater Cambridge Greater Peterborough Enterprise Partnership (LEP) developed and submitted the proposal to Government.

FURTHER INFORMATION

Richard Aylwin
ACL
Tel: 0207 832 6450
Email: Richard@aylwincom.co.uk

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Further information

Ben OughtonDevelopment Director
07836 651242
ben@jaynic.co.uk

Ben Le Coq ben.lecoq@carterjonas.co.uk

Will Mooney will.mooney@carterjonas.co.uk

Mark Drummond mark.drummond@cheffins.co.uk

Philip Woolner philip.woolner@cheffins.co.uk

SAT NAV REF: CB9 7FB

Disclaimer These particulars do not constitute an offer or contract or any part thereof. Carter Jonas and Cheffins do not make or give either of these particulars or during negotiations or otherwise any warranty or representation whatever in relation to this property. All measurements are given as a guide and no liability can be accepted for any errors arising therefrom. All statements are made without responsibility on the part of Carter Jonas and Cheffins or the vendors or lessors, and no responsibility is taken for any omission, error, or mis-statement. All intending purchasers or tenants must satisfy themselves as to any matter concerning the premises, by inspection, independent advice, or otherwise. All rentals and prices are quoted exclusive of VAT unless confirmed otherwise. February 2022.