An Enterprise Zone which was approved in August last year will create up to 6,400 new jobs, the Local Enterprise Partnership believes.
The zone is made up of 320 acres of development sites in Darlaston and Wolverhampton North and its status means firms could benefit from incentives such as a 100 per cent business rate discount, relaxed planning laws, superfast broadband and enhanced capital allowances for machinery.
Flying high: Moog will make spacecraft controls in the new regeneration zoneOf the 22 zones chosen by Government, the Black Country’s zone is one of only six with 100 per cent capital allowances.
So far three firms are moving in. Jaguar Land Rover is investing £355 million in an advanced engine manufacturing facility on the site.
Moog will occupy a 200,000 sq ft building to make systems to control space vehicles, medical equipment, missiles, satellites and commercial aircraft.
Meanwhile bio-analytical testing firm Eurofins UK is in the process of completing a new laboratory for this summer.