The zone could also attract hundreds of new businesses and help unlock key development sites.
Hertfordshire LEP along with St Albans City and District Council and Dacorum Borough Council has submitted its bid to Government for an Enviro-Tech Enterprise Zone to bolster the economy in rural west Hertfordshire.
The bid concentrates on the LEP’s priority sectors for economic growth, with the emphasis on environmental technology.
If successful, it will help to support and develop the existing enviro-tech sector in west Hertfordshire . It will help to attract more businesses to the area thanks to its excellent national and international transport links.
The multi-site bid covers Maylands Business Park, Hemel Hempstead, and land in Dacorum Borough, west of Green Lane. Other sites include underused land and buildings at the Building Research Establishment (BRE) and Rothamsted Research.
The bid also addresses potential economic development land near Buncefield, identified in the St Albans consultation draft strategic Local Plan, but still subject to the Local Plan process.
The projects have been developed in response to the Government’s invitation to LEPs across England to bid for new enterprise zones in partnership with local authorities. This was announced in the summer Budget.
There are currently 24 Enterprise Zones in England. The Department for Communities and Local Government and the Department for Business will decide what schemes will get the go-ahead later this year.
Benefits for companies operating in Enterprise Zones can include discounted business rates. The wider benefits for communities include attracting business and creating jobs.
LEP Board Member, Councillor Julian Daly, who is also Executive Leader and Portfolio Holder for Planning and Conservation for St Albans City and District Council, said: “We are long-term champions of The Green Triangle’s aim to make the most of the green technology ‘know how’ of BRE, Rothamsted and the University Of Hertfordshire. An Enviro-Tech Enterprise Zone will help us advance The Green Triangle’s agenda.
“It can bring new firms and highly skilled jobs to the county which will be welcome.”
Find our more about The Green Triangle.