Brierley Hill’s new business and innovation enterprise zone will be able to take advantage of Britain’s global place in the world free from the shackles of the European Union, said West Midlands MEP James Carver after the official launch of DY5.
It is predicted the 70-hectare site, which is set to be the high-tech hub of the Black Country, will create 7,000 new jobs over 25 years.
As well as offering high quality, low cost office accommodation at The Waterfront, DY5 also offers a range of space at nearby industrial estates, with construction of brand new large scale industrial units already under way.
UKIP MEP Mr Carver, a member of the European Parliament’s Regional Development Committee, attended the launch at the Copthorne Hotel yesterday.
Afterwards he spoke of the continuing importance of the British economy to European nations and the opportunities presented by Brexit for the UK to search out more markets across the world, free from trading constraints imposed by the European Union.
He said: “Initiatives such as DY5 will be able to attract organisations not only from within our shores but from around the world as we take back the power to control our own destiny.”
Part of the Black Country Enterprise Zone led by the Black Country Local Enterprise Partnership on behalf of West Midlands Combined Authority, DY5 joins a portfolio of sites including Darlaston and Wolverhampton North - including i54 - spread over 120 hectares.
It offers a wide range of office accommodation from large scale, recently-refurbished units to smaller offices, with benefits including up to £55,000 business rate discount over five years, improved infrastructure with a new metro line due to open in 2023 and superfast broadband.