What is an Enterprise Zone?
Enterprise Zones have been set up by the government to drive local growth. They offer a range of incentives to businesses, such as business rate relief and simplified planning. By unlocking key development sites, consolidating infrastructure, attracting new businesses and creating jobs, Enterprise Zones offer benefits to surrounding communities.
All business rate growth generated by the Enterprise Zones is kept by the relevant local enterprise partnership and local authority for 25 years, allowing them to reinvest in local economic growth. For more information you can visit Enterprise Zones
Newhaven has substantial capacity for growth and it is evolving to become a key harbour town on the South Coast. Its transport links offer strong opportunities for business growth and excellent employability prospects.
Who will it benefit?
The Newhaven Enterprise Zone is for the benefit of everyone, from local businesses seeking to expand to new companies re-locating to the town. This new investment in Newhaven will lead to increased opportunities for all local residents, including new employment and training opportunities. Through the Enterprise Zone, Coast to Capital LEP and Lewes District Council are able to reinvest additional funds to enhance Newhaven as a place to live, work and do business, through a gradual programme of investment over the next 25 years.
How will it affect Newhaven?
The Enterprise Zone aims to facilitate the regeneration of the town over the next 25 years, including a wider range of activities within the town centre and new facilities that will benefit businesses and the local community alike. Newhaven is benefitting from being part of the greater Brighton city deal area which will enable it to fulfil its economic potential and become a high-performing urban economy.