Northampton is located at the heart of the UK, with unrivalled national and international transport links.
The town has been identified by Government as a key area for economic growth, and with its Waterside Enterprise Zone it is attracting further global interest.
Northampton was also singled out in a recent Experian report as the best place in the UK to do business, the only place in the country to score 19 out of a possible 20 points across four critera: Number of start-ups, rate of insolvencies, level of financial health and business turnover.
The town is already home to around 13,000 businesses1, the vast majority of which are small and medium sized enterprises. Thanks to its geographical position distribution, transport and communications feature heavily in its list of employment sectors2. Northampton’s business diversity has been identified as one of the major factors in its meteoric recovery from the recession.
Ours is a university town offering a talented workforce and is already home to major brands including Avon and Barclaycard.
The Enterprise Zone is an exciting opportunity for businesses to expand and flourish, joining the likes of Carlsberg and Cosworth which are already taking advantage of easy access to the rest of the UK and the continent.
Industry sectors currently being targeted for investment include high-performance engineering, low-carbon and sustainable technology, business and professional services and new enterprise start-ups.
Northampton is one of the UK’s most enterprising places3 and operating costs are low in relation to other parts of the country4. The town was identified as making the UK’s fastest economic recovery from recession5.
Benefits of locating within the enterprise zone include:
- A business rate discount of up to £275,000 over a five-year period – £55,000 per year
- Simplified planning through the use of Local Development Orders, which offer the opportunity for some types of accepted development to sidestep the usual planning process
- Superfast broadband
A series of major regeneration projects are under way or completed, including the replacement of the town’s railway station, a new bus interchange and the introduction of a cutting-edge Innovation Centre. Further exciting projects are constantly being added to this programme.
Investor confidence is such that the University of Northampton is set to start work on a new £330 million campus in the enterprise zone, and Carlsberg has completed a £60 million programme of redevelopment in the town.
1 Northamptonshire Enterprise Partnership 2013
2 Northamptonshire Observatory
3 Santander Town and City Index 2012
4 Santander Town and City Index 2012
5 Cities Outlook Report 2013