GREEN BUSINESS TAX RELIEFS
Sustainable Organisations in Hemel Hempstead to Benefit From Tax Reliefs of up to 100%
In a move to become the UK’s leading place for green businesses, Hertfordshire IQ is offering discounts on business rates to organisations that can demonstrate low carbon credentials
Based in Hemel Hempstead, with 3 million sq.ft of development planned over the next 10 years, Hertfordshire IQ provides sustainable, flexible workspace and collaboration opportunities with industry experts to create a UK hub of green companies.
Enabled by its Enterprise Zone status, companies in specific sectors locating within the Zone by April 22, that are able to illustrate their commitment to carbon mitigation through programmes like The Planet Mark will be eligible for business rate relief. An incentive that Steve Malkin, CEO and Founder of the certification programme has celebrated; “With innovation, office and industrial space already available and new commercial space planned, Hertfordshire IQ provides everything a growing business needs to thrive. Commercial spaces such as these are crucial to achieving sustainable growth and have a key role to play in helping small and medium-sized businesses flourish.”
Steve, who this week presented to The Hemel Hempstead Business Ambassadors at an exclusive members meeting added; “The energy and enthusiasm of organisations within the HHBA to embark on their own sustainability journey has been extremely gratifying, it is through such collaboration and teamwork that we can achieve significant strides in sustainable development.”
Hertfordshire IQ, which is already home to Planet Mark certified Prologis aims to create 8,000 jobs for local people, providing opportunities for residents to enjoy the benefits of both residing and working in the local area.
Mark Bretton, Chair of Hertfordshire Local Enterprise Partnership said “We have a proven track record of clustering commercial activity around science and research and that’s exactly what we’re delivering with Hertfordshire IQ.”
“With our partners BRE Group, Rothamsted Research and the University of Hertfordshire, we can offer businesses opportunities to develop and grow.”
“We’re encouraging companies to locate here, shining a light on the world-leading expertise we have in Hertfordshire.”
He added “Sustainability is at the heart of everything we do. We’re thinking about what we might need in the future – for transport, workplaces, blue and green infrastructure – and most importantly people and the local community.”
“We’re working with landowners like The Crown Estate and our Local Authority partners to create a desirable, sustainable and in demand business hub that thrives for generations to come.”
Hertfordshire IQ will also boost investment in local travel, transport and digital connectivity for the area. New business parks will be built using sustainable materials and methods. And a dedicated network of footpaths and cycle routes will also help residents make the transition from vehicle to bicycle.