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Enterprise Zone

Oceansgate is the first marine Enterprise Zone in the country.

Enterprise Zones are designated areas across England that provide tax breaks and Government support. They are great places to do business especially for both new and expanding firms.Enterprise Zones are part of the Government’s wider Industrial Strategy to support businesses and enable local economic growth.

Long term investment in growth

The Enterprise Zone benefits from 25 years of investment.

Property tax breaks*

Business rate discount worth up to £275,000 per business over a five year period for those taking occupation before 2022.

Enhanced capital allowance*

Companies locating in Oceansgate can benefit from enhanced capital allowances on plant and machinery depending on the timing, nature and size of the investment.

Fast track planning

Oceansgate benefits from a consented masterplan on 7.5 hectares of the site. A design guide will help site development and assist in obtaining future planning consents.

*subject to application

Enterprise Zone

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