A proposal for a special business zone with incentives to attract firms to Bexhill was supported by Rother District Council cabinet members today (Monday, October 5).
The East Sussex Coastal Enterprise Zone (EZ) at the future Worsham development in North East Bexhill would have reduced business rates and rents for incoming companies for five years.
The South East Local Enterprise Partnership (SELEP) has identified four potential EZs to propose to government for the scheme and the East Sussex zone is one of them.
The report says: “The intention is that [the] EZ will attract new inward investors who will inject economic volume in the area and facilitate employment, new skills and housing growth.”
Although the proposal was approved by Rother, it is forecast the council would lose up to £100,000 per year as the business rates would go to the SELEP.
But clearly councillors believed the benefits of having more businesses would outweigh the income loss as the recommendation to support the scheme was carried.
Lord Ampthill questioned why Rye Harbour had not been put forward as a potential EZ but officers said the proposal had been unsuccessful.
The successful EZs should be announced later this year to start in April, 2016.
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