PD Ports has welcomed the Government’s decision to establish the Tees Valley Enterprise Zone which will help bring investment and jobs to the region and to its ports of Tees and Hartlepool.
“We are delighted to have played our part in helping Tees Valley Unlimited persuade the Government to establish an enterprise zone in this area,” says David Robinson, CEO, PD Ports Group. “This is a very important step in helping us attract long-term investment into this area.”
He says that the zone is one of a number of initiatives to drive growth and is a significant platform to help Teesside continue its innovative programmes to bring greater investment into the area.
Encompassing 12 individual sites across the five Tees Valley boroughs, the Enterprise Zone will offer stimulating financial incentives to help attract real investment and growth and deliver significant job opportunities by 2015 and beyond.
The Tees Valley is one of only a small number of areas across the country which can now offer large-scale occupiers enhanced capital allowances against the cost of their plant and machinery, as well as discounts on business rates,
The two PD Ports’ sites included, PD Ports/South Bank Wharf and Port Estates in Hartlepool, can apply the benefit for capital investments made by March 2015.
“We are already working hard to attract new business, especially in the renewable energy sector, into the port area, but this added financial incentive will undoubtedly help potential clients to find greater value in choosing to work with us,” says Mr Robinson.
“We are delighted that the Government has recognised the potential for growth here in the north-east and we look forward to working closely with new clients, as we have with many existing customers. We are experienced in helping speed up project delivery which will help them quickly establish a viable and growing business here.”