Hereford Enterprise Zone
The development of Skylon Park, Hereford Enterprise Zone continues apace with flagship schemes supported by £18million of funding via the LEP going from strength to strength.
The ambitious programme of infrastructure investment across the zone, designed to open up land and make it ready for business investment is all but complete.
The North Magazine, the last remaining inward investment site at Skylon, has been transformed, with 12 plots ready for sale and development, with strong investor interest in them all.
With more than 20 tenants already in place, including all regional business support organisations such as the Chamber of Commerce and the Marches Growth Hub, it offers quality, well used conferencing and meeting space and is proving a focal point for business networking and support. Interest has been heightened still further by the opening of the new NMITE facilities next door.
NMITE’s centre is a ‘living lab’, providing the opportunity to learn about environmentally friendly materials which can create buildings with lower carbon footprints. It also houses a scale model of a “classroom of the future” built to minimise the impact on the environment and operate efficiently.
The zone’s Cyber Quarter, Midlands Centre for Cyber Security, has also welcomed its first batch of tenants, and launched a wide ranging programme of training and education courses. The centre, a joint venture with Herefordshire Council and the University of Wolverhampton, received £3million from the LEP via the Local Growth Fund.
Business investment is translating into construction on site, with a number of local companies seeing their new expansion plans put into practice.
More than 60 acres have been sold or committed to development, with 65,000 sq m of workspace constructed or in the pipeline.
77 businesses are now located on the zone, employing more than 1,200 people with another 1,100 jobs expected to be generated by those companies as they grow.