In 2011 SEMLEP received government backing to launch the Northampton Waterside Enterprise Zone and regenerate nearly 120 hectares of brownfield land along the town’s river front.
A total of 1,118 jobs have already been created in the Enterprise Zone, 23 per cent above the original Government target of 908.
SEMLEP’s Enterprise Zone, which has helped transform a large area of previously under-developed land in Northampton, has also attracted £152million of private sector investment, again well ahead of the original target.
SEMLEP’s investment in the Enterprise Zone has included £5m towards the new railway station, £3m to improve the road infrastructure in the area and £3.6m towards improvements to St James Mill Road. It has also played a pivotal role in securing borrowing of £46m for the new University campus.
This is now one of 24 Enterprise Zones in the country and businesses choosing to base themselves within our Enterprise Zone now benefit from rate relief, business support and infrastructure investment.
Here are just a few highlights from our Enterprise Zone
Carlsberg UK, the fourth largest brewer in the UK, has expanded its Northampton brewery with the addition of a bottling plant in March 2013. The facility is part of a £60m development undertaken at the Enterprise Zone site. The plant now has a capacity of 60,000 bottles of beer an hour and can bottle up to ten million bottles per year at maximum speed. It has generated 67 new jobs and attracted £25m private sector investment.
The University of Northampton’s student accommodation has been built within the Enterprise Zone, providing 460 student apartments, while creating 20 new jobs and £24m private sector investment
Construction is complete on the £20 million redevelopment of Northampton Castle railway station, creating 63 new jobs and a new gateway for the town.
Work is well underway on the zone’s new Innovation Centre which will support the University and provide a new home for up to 55 start-up businesses.
Cosworth’s new £12m Advanced Manufacturing Centre, the first of its kind in the UK, manufactures components and assemble some of the world’s most advanced engines to global automotive manufacturers.
On St James Mill Road resident companies Freefoam as well as Cosworth are expanding, creating a combined 110 new jobs.
Plans have been submitted to expand Franklin’s Gardens to allow Northampton Saints to host the most prestigious European matches.
New offices will also be constructed along the riverside at number four St Peter’s Waterside, creating opportunities for businesses looking to relocate into our Enterprise Zone. This marks the first new office development in Northampton since the 1990s.
Church’s Shoes has announced its intention to expand their factory onto the former First Bus site in St James, creating 150 jobs.
£7 million has been committed to improving the infrastructure in the Enterprise Zone ready for new developments at St Peter’s Waterside.
The design has been agreed and full plans being finalised for Northamptonshire County Council’s new offices, bringing 2,000 workers back into the town centre.
Work is underway on a £1 million investment by Phipps Brewery to bring the Albion Brewery on Kingswell Street back into use, creating 20 jobs.
Construction has started on a new Premier Inn hotel on the site of a former council car park, which will support the development of Northampton’s Cultural Quarter, creating 60 jobs in the process.