Enterprise Zone status
As an Enterprise Zone (EZ) there are a number of incentives for investors. This includes:
- five years’ business rates relief for businesses locating on or before March 31, 2018
- a simplified planning scheme through a Local Development Order, which allows development within set parameters to be constructed without the need for the full planning application process.
Swans Enterprise Zone has also been identified as one of six of the UK’s dedicated CORE (Centres for Offshore Renewable Engineering) sites.
Existing industrial base
Swans is supported by a strong regional supply chain of 43,000 businesses with extensive experience of supporting the marine, offshore, renewables and oil and gas sectors. Key businesses in the area include:
- Close Engineering
- Advanced Industrial Solutions
- GE Oil and Gas
- Port of Tyne
- IHC Merwede
There’s a great talent pool thanks to having leading universities and colleges on the doorstep, resulting in thousands of skilled graduates and apprentices in the region every year. A cluster of training providers in the region are also working hard to address the skills of the sector. State of the art facilities and specialist training is available for people entering the sector; as well as providing opportunities for upskilling the existing workforce.