28 November 2016

Enterprise Zone Status for Basing View

Enterprise Zone Status for Basing View makes it even more attractive and more cost-effective to locate in this unique central business district.

From April 2017, approximately half of Basing View will be designated as an Enterprise Zone, providing 100% rates relief of up to £275,000 over a five-year period, for companies that locate there by 31 March 2022.

Launched by central government in 2011, Enterprise Zones promote development, economic growth and job creation, and are defined commercial areas where businesses moving into the Zone benefit from various incentives.

A portion of the business rates generated in the Enterprise Zone for the next 25 years will be retained in the area by the Local Enterprise Partnership (LEP), Enterprise M3, and this will provide an investment fund that will support future economic growth across the Enterprise Zone. The funding will be used to invest in physical infrastructure and place-making projects which ensure the area remains globally competitive, with strong connectivity and world-class businesses and skills.

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Recent news

05 April 2018

Basingstoke ‘Invest To Grow Fund’ forward funds new office for pharmaceutical giant Eli Lilly and Company

Basingstoke and Deane Borough Council has forward funded a new office in Basing View for one of Basingstoke’s most long-established international occupiers, Eli Lilly and Company, through its pioneering ‘Invest to Grow Fund.’ This is the first project to be supported by the ‘Invest to Grow Fund’, which is aimed at stimulating commercial property and […]

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02 February 2018

Government announces £10.3 million funding boost for Manydown infrastructure

The large integrated package of infrastructure needed for the Manydown housing development has been given a boost with the announcement of £10.3 million of Government funding. The announcement today (Thursday 1 February) by Housing Secretary Sajid Javid and Chancellor Philip Hammond names Manydown as one of the 32 council-led projects across the South East to […]

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22 January 2018

Plans for business-class hotel move a step closer

A planning application from Village Hotels, the fast growing hotel group with 29 hotels in the UK, has been submitted to Basingstoke and Deane Borough Council for a 153-bedroom hotel in Basing View. The hotel will offer residents and businesses meeting and events facilities, an all-day restaurant, Starbucks, pub, business club and leisure facilities. If […]

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16 January 2018

Major funding awarded to Basingstoke’s central business district regeneration

The transformation of Basing View, Basingstoke’s central business district, has received a £7.5 million investment boost from the Enterprise M3 Local Enterprise Partnership due to almost half of it having been designated as an Enterprise Zone in April last year. As part of the Basingstoke and Deane Borough Council’s work to revitalise Basing View, the […]

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