George Osborne’s spending review last week brought with it great news for Aylesbury Vale, which will see a boost to infrastructure, business growth, inward investment and job creation.
George Osborne’s spending review last week brought with it great news for Aylesbury Vale, which will see a boost to infrastructure, business growth, inward investment and job creation.
Buckinghamshire Thames Valley Local Enterprise Partnership (BTVLEP) is responsible for securing Enterprise Zone status for three strategic sites in the Aylesbury Vale area at Silverstone, Westcott Venture Park and Arla/Woodlands.
Announced last week by Chancellor George Osborne as part of the spending review, the Aylesbury Vale Enterprise Zone will boost infrastructure at the Silverstone, Westcott Venture Park and Arla/Woodlands sites; attract and develop new business investment; speed up the growth and development of local enterprise; help address the business critical infrastructure needs of the sites; and support the drive for inward investment projects from abroad. It also has the potential to create over 8,000 new jobs in the area.
Richard Harrington, Chief Executive of Buckinghamshire Thames Valley Local Enterprise Partnership, said: “We are delighted with the news that Aylesbury Vale has been allocated Enterprise Zone status. The Enterprise Zone aligns directly with our Strategic Economic Plan, which identifies Silverstone, Westcott Venture Park and Arla/Woodlands as three key strategic employment locations, all of which have greater, untapped potential to add value to the high performance technology/motorsport, space propulsion/environmental engineering and agri-food/human health sectors.”
Richard added: “The scale and specialised nature of the development will enable Aylesbury Vale Enterprise Zone to challenge internationally as a major new employment location over the coming years.”
The announcement will enable Buckinghamshire Thames Valley LEP to establish an Enterprise Zone in a region which is nationally renowned as one of the most entrepreneurial and knowledge-based rural economies in the whole of the UK, but one which has historically suffered because of a lack of high quality transport infrastructure which has undermined the location as an attractive business location.
Buckinghamshire Thames Valley LEP’s plan for the Aylesbury Vale Enterprise Zone is to develop and grow the current high skills base, indigenous industrial/research strengths, natural growth in population and housing numbers, and the number of imminent infrastructure developments in the region to deliver significant growth, jobs creation and productivity improvements.
