Investor to kick-start enterprise zone in Coleraine
Plans revealed by the Chancellor in last year's Budget to create an enterprise zone in Coleraine, Co Londonderry are still to get off the ground, the Belfast Telegraph can reveal.
But the private investor which had already committed itself to a £20m data centre in the area is understood to be just weeks from "breaking ground" on the construction of its new premises.
UK firm 5Nines is thought to be the first project to take root in the new zone close to the Ulster University's campus in the town.
It will be among the first to avail of business incentives like enhanced capital allowances, afforded by George Osborne's announcement in March 2014.
Sources in the north west town have said that while they are confident the zone will soon go ahead, it has taken longer to get off the ground than first anticipated.
Coleraine Borough Council said it is unable to comment on the matter but would be in a position to do so by next month.
The location of the zone is on lands owned by the Ulster University which are preparing to be transferred to the new council for the area, the Causeway Coast and Glens Borough Council, which will be officially set up in around two weeks' time.
The arrival of the 5Nines centre was tipped as an enticement to further high-tech businesses to consider locating within the zone.
George Osborne yesterday announced plans to create enterprise zones in Blackpool and Plymouth.