Home > Funding & Incentives > Discovery Park Enterprise Zone

Discovery Park Enterprise Zone

One of just six Life Science Opportunity Zones (LSOZ)  across the UK, Discovery Park offers significant incentives for new and expanding businesses.

Financial benefits

  • Up to 100% Business Rates relief worth up to £275,000 over 5 years.
  • Enhanced Capital Allowances for investment in plant and machinery.
  • Deadline for locating to Discovery Park extended by 3 years to March 2018 to take advantage of these incentives.
  • Potentially no business rates to pay until 2023!
  • Lease payment holidays, low-rent incubator units and development funding.

Co-location with customers

  • A global hub for companies in the biotechnology, pharmaceuticals, healthcare and energy sectors.
  • Supported by a wide range of business and professional services, from accountants to lawyers, marketing and design companies.

Planning friendly

  • Simplified planning regime for conversion of existing buildings, development of new buildings, and changes of use.

Business-ready infrastructure

  • Superfast broadband
  • Excellent transport connections