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Green light given for Solent Enterprise Zone expansion

Plans for the expansion of the Solent Enterprise Zone have been given the go-ahead by the Homes and Communities Agency (HCA).

The enterprise zone at Daedalus in south Hampshire will now benefit from major redevelopment works after the scheme was approved by Fareham and Gosport borough councils, with the project involving the delivery of more than one million sq m of new office, retail and residential space.

It is hoped the development will drive considerable investment in the area, with the plans hoping to be the catalyst for significant jobs growth in the area of up to 4,000 more employees.

In addition, a new hotel, an array of new businesses, community facilities and hundreds of homes will be created at the site, which can be found spanning a number of areas of the region, including 70,000 sq m in the Waterfront area of Gosport and 40,000 sq m just south of the airfield in Fareham.

Colin Molton, HCA executive director for the south and south-west, said: "This is great news for south Hampshire which stands to gain a significant economic benefit from the investment, jobs and new facilities that these decisions will bring.

"As the organisation responsible for the ownership and management of much of this site, we have an important role to play in delivering the vision for the enterprise zone at Daedalus."

It is one of 24 such sites across the country which was designated an enterprise zone by the government in order to support local economies and to drive economic growth over the coming 25 years.

The news follows the recent announcement by the HCA of a further £5 million cash injection for Bristol's Temple Quarter Enterprise Zone.

Aimed at providing improved transport infrastructure, delivering additional investment in the area and creating jobs and new homes for local residents, the scheme is seen as a major force in the regeneration of the area and a key driver for economic growth in the region. 

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