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Ellesmere Port Economic Development Zone
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Ellesmere Port Economic Development Zone (4M/EDZ)
4M/EDZ is an area of Ellesmere Port, including many major existing industries and employers, where European funding is identified to assist economic, physical and social regeneration within the corridor formed by the M53, M56, the Manchester Ship Canal and the River Mersey (hence the name of the zone). There are various key sites identified within this area but there is also scope for investment into other development, infrastructure and local employment initiatives.
The purpose of the EDZ is to help via grant assistance, the sustainable improvement and diversification of the local economy. EDZ funding will encourage strategic investment and development projects to proceed which, otherwise, may not prove commercially viable. This will contribute to the continued development of one of the North West’s major employment areas. The regeneration of this area, taking advantage of a range of Brownfield sites and other development opportunities, is a key component of the Regional Economic Strategy.
Whilst there are sites initially identified as being suitable for grant funding, this is by no means exclusive. There are opportunities for additional projects and development schemes to be brought forward which would create new business and employment opportunities including the expansion of existing businesses for the benefit of the local community and wider region.
Rapid growth in recent years has seen millions of visitors enjoy attractions such as Cheshire Oaks Designer Outlet, the Coliseum Shopping and Leisure Outlet, the Blue Planet Aquarium and the refurbished NationalWaterwaysMuseum. Following the successful opening of the Lexus, Skoda, Porsche dealerships at Junction 10 of the M53, Audi’s new regional dealership is now under construction.
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Ellesmere Port emerges as an investment location
2007 has been a year of significant progress in the transformation of Ellesmere Port’s employment areas, with several new office and light industrial developments coming to the market. Vauxhall’s decision to build its new Astra model at Ellesmere Port provided a boost, underlining the quality of the area’s skilled workforce and its accessibility.
Key developments during 2007 include the projects below.
Many of these developments have received gap-funding from the European Regional Development Fund and the Northwest Regional Development Agency (NWDA). This £12m package will end in 2008 and there are promising signs that market confidence in Ellesmere Port has turned a corner, driven by the emerging success of a new property product tapping into the popularity of Chester and Deeside. Occupiers are welcomed with attractive support packages - available to companies moving into these premises - to help with the recruitment and training of local staff.
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For further details please contact:
David Hughes Economic Development Officer Ellesmere Port & Neston Borough Council 4 Civic Offices Ellesmere Port, Cheshire Tel: 0151 356 6649 E-mail david.hughes@epnbc.gov.uk
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