M62 Corridor Enterprise Zone - Feasibility and Investment

Descriptions

To progress the EZ programme the LEP needs to develop the evidence and business case for the EZ programme in further detail. Much of this work relates to ‘due diligence’ which will inform and evidence future EZ investment strategies. This includes work to establish a robust projection of potential business rate income, funding mechanisms, site constraints and viability (i.e. development appraisal), potential infrastructure issues and market demand. The assessment of market demand will include consideration of whether there is sufficient demand our ‘advanced / innovative manufacturing’ aspirations for the site. When complete the outputs from this commission will inform potential LEP interventions and build a business case for future investment underpinned by retained EZ business rates.