Business Rate Relief
Companies moving to Redcar & Cleveland Enterprise Zone area may qualifying for business rate relief of up to £55,000 per annum for up to 5 years. Both existing Tees Valley companies and those from further afield can qualify for the rate relief, although Tees Valley companies will also be required to demonstrate that they are growing, this is to avoid the displacement of companies within the area which the previous Enterprise Zones were criticised for.
Business Rate Relief is available on the following site:
Kirkleatham Business Park, Redcar & Cleveland
This site is ideal for small and medium sized businesses which form the supply chain of the areas heavy industry such as petro-chemicals, renewable energy and advanced engineering or which are part of the areas emerging and fast growing digital sector.