NORTH East Lincolnshire has received approval for an 11-hectare Enterprise Zone (EZ) within the Port Of Grimsby.
The EZ will specifically target operations and maintenance (O&M) and associated supply chain activity for the renewables industry.
The Port Of Grimsby EZ will form part of the wider Humber Enterprise Zone and the creation of a Humber Renewables Super Cluster.
This establishes Grimsby as the leading O&M facility in the UK and puts the area in a position to maximise O&M investment.
The inclusion of EZ status within Grimsby will contribute towards the Humber LEP vision to become a national and international centre for renewable energy.
It also complements the current EZ on the south Humber bank, and underpins the EZ developments on the north bank.
One of the benefits that comes with EZ status is the business-rate relief incentive, a business-rate discount worth up to £275,000 per business over a five-year period.
This should accelerate the development of supply chain and support service businesses.
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Source: footprintrenewables, December 01, 2011