The Ultimate Guide to Investing in Cheshire & Warrington
The Ultimate Guide to Investing in Cheshire & Warrington
The Ultimate Guide to Investing in Cheshire & Warrington
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871candwep.co.uk<br />
Thorn<strong>to</strong>n Science Park<br />
A major research and <strong>in</strong>novation hub. Formerly the Shell<br />
Technology Centre, it offers a unique blend of <strong>in</strong>dustry,<br />
<strong>in</strong>novation and academia be<strong>in</strong>g home <strong>to</strong> the University of<br />
Chester’s new Faculty of Science and Eng<strong>in</strong>eer<strong>in</strong>g and the<br />
recently announced Energy Security and Innovation<br />
Observ<strong>in</strong>g System for the Subsurface (ESIOS).<br />
Thorn<strong>to</strong>n is a centre of excellence for energy systems and<br />
also provides on-site bus<strong>in</strong>ess support for the energy<br />
sec<strong>to</strong>r, target<strong>in</strong>g commercialisation and<br />
<strong>in</strong>ternationalisation. Areas of expertise <strong>in</strong>clude: energy<br />
s<strong>to</strong>rage; energy networks; asset management and<br />
unconventional gas extraction. One of Thorn<strong>to</strong>n’s signature<br />
projects is the SMART Grid Demonstra<strong>to</strong>r - a shared facility<br />
<strong>to</strong> meet the growth needs of the energy sec<strong>to</strong>r, allow<strong>in</strong>g<br />
bus<strong>in</strong>esses <strong>to</strong> test new technologies and model energy<br />
usage with comb<strong>in</strong>ations of old and new energy sources.<br />
<strong>The</strong> Thorn<strong>to</strong>n Enterprise Zone (EZ) site offers 9.3 ha of<br />
development land and a mix of cleared land and two<br />
build<strong>in</strong>gs that have reached or are reach<strong>in</strong>g the end of their<br />
economic life and are due <strong>to</strong> be demolished shortly. <strong>The</strong><br />
availability of Enhanced Capital Allowances as part of the EZ<br />
could help <strong>to</strong> quickly crystallise these opportunities and<br />
could make the difference between secur<strong>in</strong>g their<br />
commitment and los<strong>in</strong>g them overseas.<br />
<strong>The</strong> Benefits of Enterprise Zone Status:<br />
• Five-year Bus<strong>in</strong>ess Rate Relief for occupiers of up <strong>to</strong><br />
£55,000 per year or first year Enhanced Capital<br />
Allowances dependent upon site<br />
• Clear and supportive plann<strong>in</strong>g policy and<br />
streaml<strong>in</strong>ed process with dedicated pre-application<br />
advice<br />
• Access <strong>to</strong> high quality bus<strong>in</strong>ess support<br />
• Commitment <strong>to</strong> enhance broad band <strong>in</strong>frastructure<br />
• Closer work<strong>in</strong>g with UKTI <strong>to</strong> attract more foreign<br />
<strong>in</strong>vestment<br />
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