Department for Communities and Local Government
Government drives forward development at MIRA Enterprise Zone
MIRA Technology Park will be able to attract even more world-class businesses to the West Midlands after the government gave the green light to extend its flagship enterprise zone.
The move will pave the way for an additional 250,000 square foot of work space for cutting-edge research and development with the potential to create hundreds of new jobs and draw down millions of pounds in private-sector investment.
MIRA is home to some of the biggest names in the automotive business and is central to the government’s enterprise zone programme that is playing a vital role in driving forward our economy.
The announcement by the Chancellor George Osborne today (12 February 2015) comes as it was confirmed global giants GKN, Continental and Goodyear are set to move to the park while Swedish company Haldex opened its new building there today.
Together, the 4 companies will create more than 100 jobs. Work is also set to begin on key infrastructure works following the award of nearly £13 million of government funding.
Communities Secretary Eric Pickles said:
MIRA is leading the charge for enterprise zones. It’s a fantastic set-up and that’s why world-class companies like GKN, Continental and Goodyear and Haldex are moving there. This extension will cement its place as the number 1 site for automotive research and development in the UK. It also has the potential to create up to 300 new jobs and draw down an extra £50 million in private sector investment that will have knock-on benefits for the local economy and community. It really does show we we’re right to back enterprise zones as part of our long-term economic plan.
MIRA Enterprise Zone is aiming to become the largest transport hub in Europe. It is already home to more than 30 transport companies and has 35 major testing facilities and laboratories, including crash impact simulation and a full scale aerodynamic wind tunnel. Last month British icon Aston Martin announced they had taken space at the new bespoke facility at the park.
GKN, Continental and Goodyear will move into the recently completed 27,500 square foot Technology Centre that includes secure workshops and office space. Also complete and opened today was a 25,500 square foot bespoke building for Haldex.
The government has also invested £12.9 million from its Local Infrastructure Fund to support growth of the park.
The government opened the enterprise zones in April 2012 as part of a 25-year project to rebalance the economy, offering tax incentives, simplified planning and super fast broadband to companies.
Latest figures show they have created 12,530 jobs, attracted 434 new businesses and generated over £2 billion worth of private investment since opening for business.
Office address and general enquiries
2 Marsham Street
Contact form http://forms.communiti...
General enquiries: please use this number if you are a member of the public 030 3444 0000
Please use this number if you're a journalist wishing to speak to Press Office 030 3444 1201
Latest News from
Department for Communities and Local Government
Welsh Secretary sees community renewal projects in Torfaen30/09/2022 16:17:00
Sir Robert Buckland visits community projects which have received UK Government funding to combat food poverty and support adults with learning difficulties.
First ever Islands Forum agrees next steps on net zero30/09/2022 12:10:00
Minister for Intergovernmental Relations, Nadhim Zahawi, chaired the first Islands Forum in Orkney, which focused on opportunities for islands around net zero.
Scotland Office Minister Malcolm Offord to attend first Islands Forum in Orkney26/09/2022 15:17:15
The summit, chaired by Nadhim Zahawi, will give island communities across the UK a chance to discuss solutions to common challenges.
Nadhim Zahawi to chair first islands forum in Orkney26/09/2022 12:10:00
Minister for Intergovernmental Relations, Nadhim Zahawi, will lead the first meeting of the new Islands Forum on 28 September
Building Safety: Levelling Up Secretary's op-ed for The Telegraph23/09/2022 15:10:00
Levelling Up Secretary Simon Clark sets out his commitment to building safety and protecting leaseholders.
Rough sleepers helped to rebuild their lives with new strategy backed by £2bn government support06/09/2022 11:10:00
Government recently (03 September 2022) published landmark £2 billion Rough Sleeping Strategy to drive forward manifesto commitment to end rough sleeping for good.
Further action taken to address failures at Nottingham City Council05/09/2022 14:33:00
Secretary of State for Levelling Up Greg Clark has announced further measures to address failures at Nottingham City Council.
£110m fund to level up rural communities unveiled05/09/2022 13:12:00
Action on levelling up and boosting rural productivity set out in report published recently (03 September 2022).