The UK Government has awarded Silverstone Park ‘Enterprise Zone’ status which could save companies locating to the high-tech business estate more than £250,000 in rates relief across the next five years.
The status was approved following a successful bid to Government by Buckinghamshire Thames Valley Local Enterprise Partnership (BTVLEP) and Silverstone Park developer MEPC.
Roz Bird, Commercial Director of MEPC:
“This will make a huge difference to companies who want to grow and perhaps need to be in the Silverstone area to attract the right staff and make an impression among clients. It negates any concern about ‘can we afford this?’ Instead it gives them confidence to take out a lease and invest and grow their business.”
For more information on Silverstone Park and the Enterprise Zone, click here.