The enterprise zone will reinvigorate the existing Waterfront office complex, and as well as doubling the total office accommodation on offer around the site to 1.5million sq ft, it will expand onto vacant industrial land in the surrounding area.
Dudley’s existing manufacturing and industrial base will be bolstered by the introduction of new industrial space as well as creating new accommodation for businesses in the technology and service sectors.
The enterprise zone covers an area of 70Ha, and within 25 years it will see:
A £600m injection into the region's economy
65,000m 2 of new industrial space
Support the creation of over 300 new businesses
18,000m2 of vacant office space reoccupied
11,000m2 of new office space
36,000m2 of new technology space
Generate up to £165m in business rates
Benefits of the Enterprise Zone
Simplified local authority planning
**PLEASE NOTE: Businesses that located onto sites in the enterprise zone before March 2022 were eligible to access business rate relief of up to £55,000 pa for a five year period. This has now ended.