Cash injection boost for Leeds Enterprise Zone health hub
A bid has already been put in for a share of a new pot of cash allocated to help boost the development of the Innovation Health Hub (IHH) within the Aire Valley Leeds Enterprise Zone.
The hub is being developed to encourage a cluster of health and medical companies to locate within the zone.
Muse Developments has submitted an expression of interest in a share of the £104 million government cash for infrastructure development in Yorkshire’s enterprise zones announced this week. The funding is being made available through the government’s regeneration agency the Homes and Communities Agency.
Enterprise zones based in Leeds, Sheffield and the Humber have been allocated the funds to help set up the infrastructure to support new development.
The Leeds element of the funding is aimed at providing initial infrastructure for the health hub on the Logic Leeds site within the Aire Valley enterprise zone. This could include work such as drainage, initial engineering works and site servicing, along with supporting the next phase of infrastructure work on the site access road already under construction.
Councillor Richard Lewis, executive member for development and the economy, Leeds City Council, said:
“The Innovation Health Hub is key to the development of the Aire Valley Leeds enterprise zone in creating a focus for attracting investment from a specialised industry and it’s great news that already there is a bid for cash to kick-start its development.”
Work started in May on construction of 200 metres of highway to link the site with the A63 East Leeds Link Road, which is the initial phase of infrastructure for Logic Leeds.
The enterprise zone, which went live at the beginning of April 2012, covers 142 hectares of prime development land strategically positioned along the route of the East Leeds Link Road. It is located just minutes from Leeds city centre and the national motorway network.
Watershed Packaging became the first company to take advantage of incentives on offer to businesses locating to the enterprise zone. Work started at the end of last year on building a new manufacturing facility for the company at Thornes Farm.
Note to editors:
More information on the enterprise zone can be found at www.airevalleyleeds.com/ez
For media enquiries please contact:
Donna Cox, Leeds City Council press office (0113) 224 3335