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
New Permanent Secretary at the Ministry of Housing, Communities and Local Government31/03/2020 12:10:00
Jeremy Pocklington appointed the new Permanent Secretary.
First food parcels delivered to clinically vulnerable people30/03/2020 17:14:00
The first free food boxes containing essential supplies have been delivered in England to those at highest risk from coronavirus.
Communities Secretary Robert Jenrick on COVID19 response30/03/2020 13:38:00
The Communities Secretary on the government’s response to COVID19 and shielding the most vulnerable (29 March 2020).
New Grenfell adviser appointed as final Grenfell Taskforce report published27/03/2020 15:10:00
Nick Hurd, has been appointed as an Independent Adviser to the Prime Minister on Grenfell.
Government confirms £500 million hardship fund will provide council tax relief for vulnerable households25/03/2020 08:10:00
£500 million Hardship Fund will provide council tax relief to vulnerable people and households to help those affected most by coronavirus.
Extra protection for businesses with ban on evictions for commercial tenants who miss rent payments24/03/2020 11:20:00
Commercial tenants who cannot pay their rent because of coronavirus will be protected from eviction.
Government sets out plans to enforce closure of businesses and other venues23/03/2020 14:20:00
Local government will be responsible for enforcing regulations requiring those businesses asked to close.
Major new measures to protect people at highest risk from Coronavirus22/03/2020 09:17:00
A raft of new measures, including a helpline for the most in need of support, have been set out for those considered to be extremely vulnerable.