Commercial property site boosts Staffordshire business investments (Topic of the Month – West Midlands)

The West Midlands business development site, i54, received a visit from the Queen last week and has been hailed one of the UK’s premier enterprise parks.

On 30th October, the two latest businesses — a new engine manufacturing centre and a hi-tech printing facility — were officially opened by the Queen, who was accompanied by the Duke of Edinburgh during her visit.

This large-scale project, based in South Staffordshire, is part of a joint venture between the site’s local district, city and county councils. South Staffordshire Council, Staffordshire County Council and Wolverhampton City Council have partnered to formulate a strategy in order to stimulate growth within the area, with an aim to develop a business plan which results in international impact.

The i54 is part of the Black Country Enterprise Zone of which the primary goal is to boost manufacturing and technology industries within the West Midlands.

Businesses that have now been established within the Enterprise Zone are:

  • Jaguar Land Rover (engine manufacturing)
  • Moog (aerospace company)
  • Eurofins (laboratory testing company)
  • International Security Printers (security printing firm)

 

These 4 businesses alone have generated around 2,000 jobs with £600 million worth of investment for the zone, which is now said to be the most successful Enterprise Zone in the country.

Investment in the project was a combined decision between council leaders Philip Atkins (Staffordshire County Council), Roger Lawrence (Wolverhampton City Council) and Brian Evans (South Staffordshire Council), which will be redeemed through the business rates acquired from the site.

All 3 council leaders have agreed the i54 is “setting new standards for British business, engineering and advanced manufacturing” and the “entrepreneurial approach” has seen the project secure a significant amount of further investment.

Local authorities will work tirelessly to ensure the residents in the region will fully benefit from the project, and will continue to promote the development to prospective property buyers.

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