Thames Gateway Kent Partnership
North Kent Innovation Zone –
Bid for a new Enterprise Zone
www.tgkp.org
Thames Gateway Kent Partnership
Background
• Government invited bids for new enterprise zones on 16th
July
• Completed applications via LEPs by 18th September
• Specific reference to multi-site bids (particularly in smaller
towns and rural areas)
• Benefits include:
• Occupiers: business rates discount up to £55k annually for 5 years
or 1st year Enhanced Capital Allowances (in Assisted Areas)
• LEPs/LAs: retain 100% business rates uplift for 25 years
• No specific requirement for LDOs; no specific support for
superfast broadband
www.tgkp.org
Thames Gateway Kent Partnership
NKIZ Sites
• Strengthening the Kent Innovation Corridor
• Multi-site bid involves three schemes:
• Ebbsfleet Garden City (Lead: Ebbsfleet DC)
• Kent Medical Campus (Lead: Maidstone BC)
• Rochester Airport Technology Park (Lead: Medway Council)
• Total 64 hectares
• 230,000m2 new development floorspace for start-ups and
SME expansion
• Building on existing specialisms – life-sciences, advanced
engineering – and new opportunities in shaping a 21st
century ‘smart city’.
www.tgkp.org
Thames Gateway Kent Partnership
Location: the Kent Innovation Corridor
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Thames Gateway Kent Partnership
1 Ebbsfleet Garden City
Northfleet Embankment
West
East
• Northfleet Embankment
• 22.37 hectares, 54,000m2
• Construction technologies
and advanced
manufacturing including
modular housing
• Innovatory space /
workshops
• EV North East
Ebbsfleet
International
Station
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Ebbsfleet
Valley North
East
• 4.08 hectares, 30,000m2
• Professional services,
creative industries
• Links to delivery of EGC and
HE specialisms
Thames Gateway Kent Partnership
2 Kent Medical Campus
• 16 hectares, 98,000m2
• Adjacent to Kent Institute
for Medicine & Surgery
• Medical and life-science
companies, neurorehabilitation centre, HE
medical and healthcare
training facilities
• Links to Biogateway
Network
www.tgkp.org
M20 Junction 7
KIMS
KMC
Thames Gateway Kent Partnership
3 Rochester Airport Technology Park
• 21.24 hectares, 48,000m2
• Advanced manufacturing
M2 Junction 3
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and engineering, R&D and
prototyping (e.g.
automotive, aerospace,
medtech, robotics)
• Opportunity for / from reconfiguration and rebuild
of the operational airport
• Innovation ‘campus’
extending from ICM
Thames Gateway Kent Partnership
Benefits - 1
• Help overcome market failure - incentivise
•
•
•
•
investment and growth
Harness innovatory businesses, skills and training
provision in key specialisms
Kick-start commercial and business presence at
Ebbsfleet Garden City – support housing delivery
Enhance innovation corridor and synergy with
other sites (e.g. Discovery Park, Kent Science
Park)
Regeneration of under-used sites
www.tgkp.org
Thames Gateway Kent Partnership
Benefits - 2
• Over next 25 years:
• £230m in business rates retained for investment into
EZ and local support for enterprise and growth
• Business rate savings to businesses of £34.6m
• £443.5m GVA added to Kent & Medway economy
• 9,900 jobs created (by 2027)
• EZ estimated to bring forward development earlier
(2+ years) and greater quantum (+87,000m2)
• Higher value jobs attracting and retaining better
skilled workforce
www.tgkp.org
Thames Gateway Kent Partnership
Next Steps
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•
•
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Bid selected as Kent & Medway no.1 priority
Submitted by SELEP on 18 September
Assessment within Whitehall
Announcement expected in November
Virtual project team to refine delivery and
governance arrangements and respond to
information requests
www.tgkp.org