The Government is putting an extra £100 million on the table so Enterprise Zones can complete key infrastructure projects, Communities Secretary Eric Pickles announced today.
Enterprise Zones across the UK, including the Aerohub at Newquay Airport, have until November 18 to submit one bid each to the competitive fund.
The money will fund projects such as road building and land clearance that will unlock areas previously idle, turning them into prime economic sites that will bring home new businesses and help the local economies grow.
Communities Secretary Eric Pickles said: “Enterprise Zones are at the centre of our plans to back business, help local economies grow stronger and give the UK that competitive edge.
“The Zones are showing progress with over 180 businesses, half a billion pounds of private sector investment and nearly 4,000 jobs, and many more in the pipeline.
“We want to help them grow further and faster and this extra £100 million investment will ensure they have the infrastructure in place to successfully attract even more businesses and create many more local jobs.”