Humber Enterprise Park’s Enterprise Zone status helping tenants double in size
By Humber Enterprise Park | Posted: 1 Jun 2017
The Humber Enterprise Park in Brough has helped tenant Cablescan double in size thanks to its Enterprise Zone status, which can save businesses up to £275,000 over a five year period.
Comprised of refurbished commercial office space and industrial space, the site is one of 24 Enterprise Zones in the UK, putting it at the centre of the Government’s long-term economic plan to help businesses of any size grow.
Companies at the HEP are exempt from business rates, a benefit that has allowed high-performance electrical cable assembly and control panel manufacturer Cablescan to invest more funds back into the business.
The savings have helped Cablescan grow in a number of ways. When a direct competitor went into liquidation, the company was able to buy out their assets and equipment thanks to the spare funds they had available. This move attracted more work from new and existing clients, and allowed the company to recruit significantly, with the company now employing around 80 people.
Keen not to rest on its laurels, the company has since set up Cablescan’s own apprenticeship programme. The company now has four apprentices, who attend college once a week supported by internal training on site.
The Humber Enterprise Park’s location close to Hull port has proven to be another key benefit for Cablescan. The company operates from a second site in Nagele in the Netherlands, with the team in Brough able to board a ferry at 6pm and be in Holland by 8am the next morning, ready for the new business day.
Many of Cablescan’s customer base are in the military sector, so the Humber Enterprise Park’s 24-hour security is an added bonus, providing them and their customers with peace of mind.
To view the available office and industrial space, visit HumberEnterprisePark.co.uk