Cheshire innovative project showcased to regional property professionals
Myles Kitcher, Managing Director of Peel Environmental joined representatives from the Cheshire Science Corridor to present the opportunities and financial incentives available to the sites within the Cheshire Science Corridor Enterprise Zone.
The event took place at Cushman & Wakefield, Manchester on Thursday 15th September and was attended by property professionals from across the sub region including agents, developers and investors.
The presentations were given by representatives from each of the sites within the Enterprise zone covering their unique offering as well as the vision and benefits of the Enterprise Zone to occupiers offering enhanced Capital Allowances and reduced business rates.
Myles Kitcher, Managing Director, Peel Environmental said:
“The Cheshire Science Corridor is one of the development priorities identified in Cheshire and Warrington LEP key strategic development. The Cheshire Science Corridor was awarded Enterprise Zone Status in 2015 and Thornton Science Park and Phase 1 of Protos form part of this.
A key benefit of the Enterprise Zone is the ability for occupiers to benefit from Enhanced Capital Allowances and they are able to write down the costs of qualifying plant and machinery assets against their taxable income. Bringing associated economic benefits to occupiers.
Protos is the destination for Energy, Innovation and Industry set in the industrial heartland of the North West. It will become a strategic cluster of complementary businesses encompassing energy intensive industries and associated supply chain. With energy generation to provide secure, low carbon and low cost energy to occupiers. Once it is complete Protos will produce a total gross economic benefit of £350m GVA per year and generate over 3,000 new jobs.”