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5,000 jobs could be heading to Harlow as the Government announces it will be an Enterprise Zone.
It means the government is going to make it easier for businesses to set up there by cutting planning restrictions and putting in super-fast broadband.
David Cameron said: "We are determined to do everything we can to make Britain the best place in the world to start and grow a business.
''Enterprise zones are a major step towards delivering this, cutting business taxes, easing planning restrictions and giving business the tools they need to invest and expand.''
Harlow Council estimates the new MedTech Campus could account for one in ten jobs in Harlow as this is a growth area for the county and a growth sector for our national economy.
Chancellor George Osborne said the zones would create more than 30,000 new jobs by 2015. "They will benefit from over £150 million in tax breaks over four years, new superfast broadband, lower levels of planning control and the potential to use enhanced capital allowances.''
Other successful bids include:
- Humber Estuary Renewable Energy Super Cluster;
- Daresbury Science Campus in Warrington;
- Newquay AeroHub in Cornwall;
- The Solent Enterprise Zone at Daedalus Airfield in Gosport;
- MIRA Technology Park in Hinckley, Leicestershire;
- Rotherwas Enterprise Zone in Hereford;
- Science Vale UK in Oxfordshire;
- Northampton Waterside;
- Alconbury Airfield, near Huntingdon in Cambridgeshire;
- Great Yarmouth in Norfolk, and Lowestoft in Suffolk.