Watershed first to benefit from Aire Valley Leeds enterprise zone
Watershed Packaging has announced plans to build a brand new manufacturing facility at Thornes Farm, becoming the first company to take advantage of incentives on offer to businesses locating in the new Aire Valley Leeds enterprise zone.
Companies relocating to the enterprise zone will benefit from reduced business rates worth up to £275,000 over a five year period, plus simplified planning and an intensive business support package.
The enterprise zone, which went live at the beginning of April 2012, covers 142 hectares of prime development and is located just minutes from Leeds city centre and the national motorway network.
Watershed Packaging is a leading provider of packaging machinery, packaging consumables, printed adhesive labels and printed flexible packaging. It is also one of the top five providers of manufactured printed adhesive tapes in the UK.
Neil Mclean, Chair of the Leeds City Region local enterprise partnership said:
“Located in the Leeds City Region, the enterprise zone is an ideal location for business relocation and expansion. As well as the incentives on offer, it’s a great strategic location, close to Leeds with superb transport connections.
“The enterprise zone significantly strengthens the Leeds City Region’s offer as a location for business and investment. As it develops, the Aire Valley Leeds enterprise zone will be key to delivering our ambitions to develop a world-leading, dynamic economy delivering high value jobs and growth.”