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News Release

Exeter

Plymouth Enterprise Zone welcome news for region, says JLL in response to today’s Budget announcement

Property consultant welcomes news of Plymouth Enterprise Zone


Exeter, 18 March 2015 - Reacting to today's Budget announcement, Tim Western, director at property consultants JLL in Exeter, commented:

"We welcome the news that South Yard in Devonport, Plymouth has been named an Enterprise Zone, putting the region on a level playing field with the likes of Newquay which is already benefiting from a cluster of high-tech companies coming to the region.

"The Enterprise Zone will help new and existing businesses to grow their operations and in turn, help facilitate the expansion of this already growing tech hub. As such, we are pleased to hear the Government's commitment to supporting tech clusters across the UK which will inevitably attract investors into the regions, especially those with overseas companies looking to gain a foothold in the country.

"Locally, the Enterprise Zone will put the spotlight on Plymouth and provide businesses with the right environment and the right physical landscape to flourish, as well as becoming a platform for the cross-fertilisation of ideas, which is exactly the sort of strategic intervention needed to enhance business growth."