Gravity is the former Huntspill Energy Park which is being transformed into an innovation campus – a new era of enterprise zone. The 635 acre site, newly named Gravity, will be an immersive, connected, intelligent and sustainable environment that will attract some of the world’s most innovative businesses, drawing inward investment internationally and nationally. Purpose built, diverse workspaces and resilient technologies will be set against an established natural landscape – supporting a culture of innovation and well-being that blurs the boundaries between work and play. Gravity will be designed to shape connections between people and the places they work for a cleaner, sustainable future.
On-site physical works are progressing with former owners, BAE Systems, and remediation works are forecast to complete on time at the end of 2019. It is anticipated the first tenant will be on site from mid-2020.
As a designated Enterprise Zone, all business rates growth is kept by the local authorities and the local enterprise partnership in the area for 25 years to reinvest in local infrastructure and to boost local economic growth. The site is due to generate around £126m of retained growth funding over a 25-year period, with at least 40% of this being spent on the District Council’s priorities, with a further 40% to be spent by the Local Enterprise Partnership and 20% by Somerset County Council.
It is anticipated the site will be home to 50-150 businesses with around 4,000 employees on site – providing direct and indirect job opportunities.
Growth Deal Funding: £3.9m for access road