Incentives and Area Map
We want to encourage inward investment in the Royal Docks. The Royal Docks was granted Enterprise Zone status from April 2012 in recognition of its strategic importance. Benefits include:
- 50 hectares of Business Rate relief (if occupying premises in the area by 31st March 2018) for five years from the date of arrival
- Enhanced Capital Allowances at Royal Albert Dock (up to 31st March 2020) – good for capital intense industry e.g. biotech
- Simplified planning – combined authoirty (Local Planning Authority / Greater London Authority / Transport for London / Developer) Project Planning Performance Agreement
- Broadband – part of successful £25m Urban Broadband Fund bid (up to 1gb/ps where demand is registered through business application)
- Business rate uplift retention to the London Enterprise Panel for a 25 year period
The Mayor wants the Royal Docks to become a world-class business centre and the waterfront a hub of activity and a thriving leisure destination for Londoners and visitors alike.
London and Partners – Guiding Foreign Investment in the UK
London & Partners (L&P) is the Mayor of London’s official inward investment and promotional organisation and helps international companies to set up and grow their businesses here. It offers free advice to potential investors, from start-ups to major corporations, to help them explore how London can help their global business.
L&P offers free bespoke advice based around business drivers to help companies make better informed decisions more quickly so they can take advantage of London’s opportunities from day one. Whether your business needs advice on relocation, sector-specific contacts, support finding property or help accessing London’s huge pool of talent, contact email@example.com
Skills and Employment
The scale of development within the Royal Docks has the potential to bring significant benefits to local people and businesses. Specifically, it should increase job and business opportunities, improve skills and reduce local unemployment. Employment and training opportunities will relate to:
- The construction phase of site development
- Employment associated with end uses, such as hospitality and retail
- Supporting the growth of the green energy / low carbon sector.
Developers are encouraged to get involved with local partnerships. By allowing access to vacancy opportunities and selection processes, developers, contractors and other employers can help shape employment and training provision to support their workforce needs.