Sheffield City Region Enterprise Zone will today announce plans to increase its size by almost a half.
The news follows extensive talks between local leaders and Government officials to negotiate the deal, which will see zone expansions in Barnsley, Rotherham, Sheffield and Markham Vale, as well a new site at Doncaster-Sheffield Airport.
The Local Enterprise Partnership (LEP) has been brokering the deal with Government, which means investors looking to set up in the Sheffield City Region will be able to access tax breaks across a new range of prime sites.
The existing enterprise zone sites currently stretch 145 hectares, with the new addition increasing the zone by a further 70 hectares.
The LEP has focused on attracting modern manufacturing and technology companies to the city region by offering the opportunity to collaborate with manufacturers and universities in the area, as well as offering top-level government tax incentives.
The announcement will be made today at international real estate event, MIPIM, where the LEP is showcasing the enterprise zone to an audience of 20,000 influential decision makers from the international property market.
James Newman, Chairman of Sheffield City Region LEP, said: “I am delighted that the government has listened to the LEP and enabled us to expand our enterprise zone to include additional strategic sites, including the land next to Doncaster Sheffield Airport.
“Since the launch in 2012, 18 new companies have located on the zone with 345 jobs already created on site and around 300 set to be created in the coming months.
“Businesses have been attracted to join our modern manufacturing and technology community which offers outstanding transport connectivity, a highly-skilled talent pool and the best UK Government tax incentives available.