Friday, May 4, 2012

News: Groundworks underway at AMP


Major groundworks are now well underway at the Advanced Manufacturing Park (AMP) in Rotherham.

AMP-based Harworth Estates, the property arm of the site owners, UK Coal, has started work to build an important access road and key infrastructure to the enterprise zone site.

As the UK's premier advanced manufacturing technology park, the development at Waverley is a key part of the Sheffield City Region's enterprise zone which aims to create a Modern Manufacturing and Technology Growth Area.

Approved by the government earlier this year, the enterprise zone will offer a business rate discount worth up to £275,000 per eligible business over a five year period. Companies within the zone could also take advantage of enhanced capital allowances (instead of business rate discounts) in the form of up-front tax relief for major capital investments.

One of only six zones in England able to offer enhanced capital allowances, incentives are available on business investments to a total limit of £300m. Additional incentives for businesses locating in the EZ include fast track planning and access to superfast broadband.

Duncan Armstrong-Payne, development manager at Harworth Estates, said: "There is a real buzz in the air at the AMP around the construction of this important road. It is great to see people working on the site.

"For Harworth Estates, this road is a major milestone in a process that will see this former colliery site deliver new jobs and high quality homes to the Sheffield City Region."

James Newman, chairman of Sheffield City Region Local Enterprise Partnership, said: "I am pleased to see that work is underway at AMP Waverley and the LEP fully supports the construction as it gathers momentum at this important Enterprise Zone site.

"It is clear that the Sheffield City Region has the number one UK Enterprise Zone for modern manufacturing and technology and I look forward to welcoming some major investors over the coming year.

"The LEP is proud to be working side-by-side with landowners and other partners, including Harworth Estates, to encourage economic growth and create jobs for the Sheffield City Region."

Manufacturers X-Cel Superturn and Sarclad Limited are the first companies to announce moves into Rotherham's enterprise zone sites. Rolls-Royce are also set to take advantage of some of the incentives.

Also on the AMP this week, the two original wind turbines have been taken down.

AMP website

Sheffield City Region enterprise zone website

Harworth Estates website

Images: Harworth Estates


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