Located within the Eastern Employment Corridor of Hull, the site lies in the recently announced Enterprise Zone. Earmarked for redevelopment, the site presents a significant opportunity to capture economic activity arising from inward investment by Siemens within the Port of Hull.
The Eastern Corridor is predominantly a general industrial, manufacturing and warehousing area comprising older and traditional large scale industrial developments. The continuing growth of the port, together with the associated support industries for the renewables sector, would suggest that there will be a need for ancillary industrial provision in this area.
|Land Ownership||Associated British Ports|
|Planning Status||The City Plan proposals map shows that the site is within a regeneration area and is designated for employment uses where appropriate development will be encouraged The site is subject to the Port of Hull Local Development Order which grants outline planning permission for development that is associated with renewable and low carbon industries.|
|The site is subject to the Port of Hull Local Development Order which grants outline planning permission for development that is associated with renewable and low carbon industries.|
|Enterprise Zone||Enhanced Capital Allowances – 100% capital write down is available for plant and machinery investment costs incurred between April 2012 and March 2020.|
|Government support to ensure that superfast broadband is rolled out throughout each of the Enterprise Zones|
|Enterprise Zones benefit from simplified planning procedures.|
|Assisted Areas||The site lies within a Tier 2 assisted area currently with a 10% intervention rate.|