A new multi million pound initiative, which will give a major improvement to Bradford’s City Centre, is looking to get the green light from the council. The plan will attract new companies, in turn creating jobs and economic growth.
The ‘Growth Zone’ as it’s been dubbed will offer many different advantages to the area, the main being a ‘business rates relief scheme’ which allows eligible businesses to claim back a proportion of their business rates over three years, providing that they create new job opportunity’s in the local area.
Any business that is based in the 170-hectare zone, would be able to benefit from the ‘Growth Zone’. The proposed Westfield Broadway Shopping Development is hoping to be placed within the Zone.
David Green, an executive member of the Bradford council had this to say on the Zone: “Creating a city centre growth zone would be a significant step towards improving the local economy by attracting new businesses and shops and creating extra jobs.
“Like many places across the country, Bradford has suffered in the national economic downturn but supporting existing businesses and encouraging new ones into the city centre is a key priority for the Council.”