Enterprise Zone

Turbine Business Park is included within the North East Enterprise Zone, known as the A19 Ultra Low Carbon Vehicle Corridor. The benefits of the Enterprise Zone, comprise ease of planning through Local Development Orders and enhanced capital allowances for plant and machinery.

It was announced in the Budget 2011 that ‘Enterprise Zones’ would be created in areas within the United Kingdom with high economic potential. The North East LEP has 10 sites within 3 clusters. Turbine Business Park falls within the cluster known as the A19 Ultra Low Carbon Vehicle Corridor (A19 ULCV). The North East LEP is one of a limited number of Enterprise Zones which has been selected to benefit from a potential pool of £300m of Enhanced Capital Allowances (‘ECA’) on items of significant capital investment incurred between April 2012 and March 2017.