Northstowe News

NEW ENTERPRISE ZONE GOES LIVE

CAMBRIDGE COMPASS FINDS ITS BEARINGS

The Cambridge Compass Enterprise Zone has officially come into effect as of 1st April 2016, with 100% business rates discount on offer to new occupiers until 31st March 2022.

This new Enterprise Zone status brings with it a number of benefits, including a business rate discount of up to 100% for five years for businesses.

As a bonus, the local area will retain 100% of the business rate growth within the Cambridge Compass Enterprise Zone for the next 25 years, which will enable further investment in economic growth across the area.

Northstowe, Phase 1 employment land is conveniently located close to Cambridge off the A14 and on the Guided Busway, this development is the first phase of employment land within Northstowe. 

Andy Lawson, Projects Director at Gallagher Estates who are developing phase one at Northstowe, said:

“We are pleased that Northstowe has been included in the EZ as this will help to grow the economy of the new town alongside the first new homes that will be available early next year”.

The land isn’t ready to move into yet but if you are interested in locating your business at Northstowe, register interest by contacting us and sign up for updates and news about more business opportunities.  Read the full press release. or read more about working at Northstowe.