There are four sites in the Lowestoft area with Enterprise Zone status. These sites form one of the key strategic priorities in the New Anglia Local Enterprise Partnership’s (LEP) Strategic Economic Plan (SEP) and a critical component of their recently released Economic Growth Plan.
The scheme is designed to fast track development on vacant employment land and encourage businesses to invest in the town. The enterprise zones provide an ideal relocation area to unlock future development opportunities both in and around Lowestoft.
Businesses relocating to the enterprise zones can apply for up to 3 years Local Discretionary Business Rate Relief, subject to terms and conditions.
Located to the South of the Industrial Estate and accessed by the A12 via Tower Road. The site has been designated as employment land with expected uses of B1, B2 and B8. Surrounding uses include industrial, retail/trade counters and eateries.
In 2018 Phoenix Business Park was opened and includes 17 light industrial workshops
Situated within Lowestoft’s inner harbour, located to the South of Lake Lothing, the site can be accessed by the A12 via Waveney Drive and is surrounded by a mixture of residential, retail and office uses. This enterprise zone already accommodates a number of civic uses and is expected to provide further opportunities for office uses. It is should be noted that the site is subject to Third River Crossing project application which may impact any short term development.
Located in North Lowestoft and accessed by the A146 via Gorleston Road. This site is partially developed with a mixture of light industrial and start up office accommodation. Mobbs Way represents an ideal location for small to medium sized units with many start-up units already in operation. It is anticipated that the remainder of the site will be developed in the same way whilst also providing relocation opportunities for businesses wanting to remain in the north of the town.
Situated South of Beccles, this site can be accessed by the A146 via Benacre Road. Surrounding uses are primarily light industrial and serviced through the Ellough Business Park. The construction of the new Beccles Southern Relief Road has enhanced access and removes commercial traffic away from the town, potentionally allowing for heavier industry than expected in the remaining Lowestoft Enterprise Zones.