Commercial property building could rise in Newport | 28 June 2011
Welsh ministers are being urged to select Newport as one of the country’s new enterprise zones, reports UK Business Property.
Currently, England has 21 enterprise zones that offer lower business rates to companies relocating into them. Commercial property builders, lenders and other industries are eligible to move into the zones to boost the market overall.
Carwyn Jones, the country’s first minister, recently stated that Wales will definitely be following in the footsteps of the 21 English zones by setting up the special areas locally.
Wales is pushing hard to bring the zones, designed to boost trade in the area, to the country and Newport should be one of the leading areas, according to property expert Dan Smith.
Mr Smith suggests to Wales Online that it should not be left to the obvious candidates, like Cardiff, to steal the zones from other areas.
He said: “With Bristol already confirmed to have an enterprise zone, we need to make sure that if the Welsh Government decides to introduce a similar scheme here in Wales, Newport pushes hard to secure an enterprise zone and not just leave Cardiff or Swansea to benefit from the initiative.
“By having an enterprise zone within Newport, we can ensure we are competitive and hopefully build upon the previous successes and attract further businesses to the city,” he added.
Written by Ashley Curtis on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
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