Capital news for Central Cardiff Enterprise Zone

The drive to create a dynamic and vibrant business centre in Central Cardiff Enterprise Zone received a double boost today with the opening of Number 1 Capital Quarter offices and the announcement that the Zone is to benefit from EU Assisted Area status.

Opening the flagship office development in the heart of the Zone – which was built by the private sector and acquired by the Welsh Government – Economy Minister Edwina Hart described it as a red letter day for Cardiff, for Central Cardiff Enterprise Zone and for the financial and professional services sector.

The Minister said:

“The opening of Number 1 Capital Quarter is a significant milestone in our plans to ensure Central Cardiff Enterprise Zone delivers new jobs, attracts new investment and provides a great environment for business growth.

“The provision of first class office accommodation is an essential part of that equation and Number 1 Capital Quarter is the first Grade A office accommodation completed since the Zone was created.

“I am pleased to see that Welsh Government support has acted as a catalyst stimulating further investment in the Zone which now has a development pipeline of up to a further 400,000 sq ft over the next three years. It’s creating a real buzz.

“I am also delighted to announce today that the vast majority of the Zone – as well as part of the St Athan-Cardiff Airport Enterprise Zone – are now within the new Assisted Areas map drawn up by the Welsh Government and approved by the EU.

“Assisted Area status for Central Cardiff Enterprise Zone, coupled with the planned electrification of the rail line to London, provides a compelling proposition for the professional and financial services sector to invest here.”

Cardiff will be only two hours away by train from Canary Wharf while enhanced financial support can now be available to attract new investment into Wales’ first dedicated financial and professional services Enterprise Zone.