Temple Quarter Enterprise Zone and Avonmouth Local Enterprise Area will generate jobs and investment near our warehouses

Temple Quay in central Bristol was awarded Enterprise Zone status, and Avonmouth and Severnside were given Area status, both nearby our warehouses. We are excited about the business this will bring to the area.

Local Enterprise Partnerships (LEPs) were set up in 2010 by the government to help impoverished areas grow financially and economically. These partnerships between local authorities and businesses are expected to play a major role in the sustained economic development of this area.

bristol local enterprise area avonmouth warehouse

Enterprise Zone

Temple Quarter has been named as an official Enterprise Zone by the West of England Local Enterprise Partnership. This area is set to act as a magnet for inward investment and boost the local economy by creating thousands of new jobs.

The selected Enterprise Zone covers 70 hectares (137 acres) of land surrounding and to the north and east of Temple Meades railway station. The added attraction of centering around the railway station means that Temples Meades railways looks set to become a major transport interchange. Estimations already put in place suggest that over 250 businesses could be accommodated, and that nearly 17,000 new jobs could be created.

Council Leader Barbara Janke said: “This is excellent news for Bristol and the whole region because the Temple Quarter site is a major gateway that has huge potential to generate jobs and investment.”

Enterprise Areas

The Enterprise Areas will be Avonmouth/Severnside, Bath City Riverside, Emersons Green/Science Park, Filton/A38, Weston Regeneration Area. These areas, which have been given Enterprise Area status by the LEP will bring benefits and make it easier for developments to take place. The LEP have said that these areas will ensure economic growth across the whole of the sub region.

The difference between the Enterprise Zone and the Enterprise Area is; Temple Quarter will get the rates relief for its occupiers, subject to the Enterpise Zone limit. Whilst although without these reliefs, the LEP want to allow all of the Enterprise Areas to benefit from the local authorities’ capture of business rates for a 25 year period.

West of England’s LEP interim chair, Colin Skellett has said that “it brings a number of advantages to businesses by reducing both the amount of planning red tape and the cost of their rates. But it also generates benefit for the area as a whole since we are able to retain to business rates that are generated which can be used to improve the other five areas we have identified.”

With these plans in the pipeline, Bristol and the surrounding areas future looks positive.  Provisions set in place by the LEP will allow economic growth and investment to flourish.